Liberty Property Trust (NYSE:LPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $47.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.48% from the stock’s current price.

According to Zacks, “Shares of Liberty Property have outperformed the industry it belongs to, year to date. Also, the stock has seen the Zacks Consensus Estimate for current year funds from operations (FFO) per share being revised upward over the last 30 days. In July, the company delivered a better-than-expected performance with respect to FFO per share and revenues. Recently, the company announced that it would develop a 220,000 square foot industrial building for global conveyance solutions leader, Intralox, at 7157 Ridge Road, in Hanover, MD. The company is poised for growth as fundamentals of the industrial real estate market remain solid, backed by growing demand, resulting in solid rent increase, enhanced occupancy and development opportunities. However, adverse near-term impact on earnings from dispositions and rise in interest rates remain concerns.”

A number of other brokerages also recently commented on LPT. BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Stifel Nicolaus boosted their target price on Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.50.

Shares of Liberty Property Trust (LPT) opened at 42.16 on Thursday. Liberty Property Trust has a one year low of $36.22 and a one year high of $42.80. The company has a 50-day moving average of $41.49 and a 200 day moving average of $40.53. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 18.03 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. Liberty Property Trust had a return on equity of 6.88% and a net margin of 26.66%. The firm had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the previous year, the firm earned $0.68 earnings per share. Liberty Property Trust’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Liberty Property Trust will post $1.24 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Liberty Property Trust by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 127,169 shares of the real estate investment trust’s stock worth $4,902,000 after buying an additional 2,200 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Liberty Property Trust by 0.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 225,702 shares of the real estate investment trust’s stock worth $8,700,000 after buying an additional 1,508 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Liberty Property Trust during the first quarter worth approximately $967,000. Shell Asset Management Co. increased its stake in Liberty Property Trust by 1.0% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 84 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Liberty Property Trust by 21.0% in the first quarter. Janney Montgomery Scott LLC now owns 17,136 shares of the real estate investment trust’s stock valued at $661,000 after buying an additional 2,971 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Liberty Property Trust Company Profile

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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