Liberty Property Trust (LPT) Receives Consensus Recommendation of “Hold” from Brokerages
Liberty Property Trust (NYSE:LPT) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the company. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $37.71.
LPT has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Liberty Property Trust in a report on Tuesday, September 6th. They issued an “equal weight” rating and a $38.00 target price on the stock. BTIG Research initiated coverage on Liberty Property Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Stifel Nicolaus raised Liberty Property Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $40.00 to $44.00 in a report on Wednesday, October 26th. They noted that the move was a valuation call. Finally, Capital One Financial Corp. raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective on the stock in a report on Tuesday, October 4th.
Several institutional investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Liberty Property Trust during the third quarter worth about $101,000. Tower Research Capital LLC TRC raised its position in Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 723 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Liberty Property Trust by 54.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 1,072 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Liberty Property Trust by 18.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,709 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 737 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc OH bought a new position in Liberty Property Trust during the second quarter worth about $207,000. 96.89% of the stock is currently owned by institutional investors.
Liberty Property Trust (NYSE:LPT) opened at 38.46 on Thursday. The firm has a market cap of $5.65 billion, a PE ratio of 23.42 and a beta of 0.97. Liberty Property Trust has a 12-month low of $26.94 and a 12-month high of $42.26. The company has a 50-day moving average price of $39.02 and a 200-day moving average price of $39.30.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $190.86 million for the quarter, compared to analyst estimates of $188.30 million. Liberty Property Trust had a return on equity of 8.17% and a net margin of 31.51%. Liberty Property Trust’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, equities analysts predict that Liberty Property Trust will post $2.36 earnings per share for the current year.
Liberty Property Trust Company Profile
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.
Receive News & Stock Ratings for Liberty Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Property Trust and related stocks with our FREE daily email newsletter.