Liberty Property Trust (NYSE:LPT) – Analysts at Capital One Financial Corp. lifted their FY2016 earnings per share (EPS) estimates for Liberty Property Trust in a note issued to investors on Monday. Capital One Financial Corp. analyst T. Lesnick now expects that the brokerage will earn $2.37 per share for the year, up from their previous estimate of $2.33. Capital One Financial Corp. currently has a “Overweight” rating and a $41.00 target price on the stock. Capital One Financial Corp. also issued estimates for Liberty Property Trust’s Q4 2016 earnings at $0.41 EPS.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Liberty Property Trust had a net margin of 31.51% and a return on equity of 8.17%. The firm earned $190.86 million during the quarter, compared to the consensus estimate of $188.30 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis.

Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

A number of other analysts have also recently commented on the stock. Morgan Stanley began coverage on shares of Liberty Property Trust in a research note on Tuesday, September 6th. They set an “equal weight” rating and a $38.00 target price for the company. BTIG Research began coverage on shares of Liberty Property Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Finally, Stifel Nicolaus raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.00 to $44.00 in a research note on Wednesday, October 26th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.38.

Shares of Liberty Property Trust (NYSE:LPT) opened at 36.37 on Thursday. The stock’s 50 day moving average is $39.53 and its 200 day moving average is $39.11. Liberty Property Trust has a 1-year low of $26.94 and a 1-year high of $42.26. The company has a market cap of $5.35 billion, a P/E ratio of 22.15 and a beta of 0.97.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Liberty Property Trust by 3.0% in the second quarter. Vanguard Group Inc. now owns 22,413,684 shares of the real estate investment trust’s stock valued at $890,271,000 after buying an additional 653,616 shares in the last quarter. State Street Corp raised its position in shares of Liberty Property Trust by 4.2% in the second quarter. State Street Corp now owns 8,174,128 shares of the real estate investment trust’s stock valued at $324,681,000 after buying an additional 329,627 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Liberty Property Trust by 4.5% in the third quarter. BlackRock Fund Advisors now owns 6,235,150 shares of the real estate investment trust’s stock valued at $251,588,000 after buying an additional 267,458 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Liberty Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 5,485,462 shares of the real estate investment trust’s stock valued at $217,884,000 after buying an additional 269,662 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its position in shares of Liberty Property Trust by 20.3% in the second quarter. Cbre Clarion Securities LLC now owns 4,351,127 shares of the real estate investment trust’s stock valued at $172,827,000 after buying an additional 734,681 shares in the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Monday, October 3rd were paid a $0.475 dividend. The ex-dividend date was Thursday, September 29th. This represents a $1.90 annualized dividend and a dividend yield of 5.22%. Liberty Property Trust’s dividend payout ratio (DPR) is 115.85%.

About Liberty Property Trust

Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.

5 Day Chart for NYSE:LPT

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