Liberty Property Trust (LPT) Announces Earnings Results, Beats Expectations By $0.03 EPS

Liberty Property Trust (NYSE:LPT) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03, Bloomberg Earnings reports. The business had revenue of $192.80 million for the quarter, compared to analyst estimates of $173.02 million. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. During the same period last year, the company posted $0.41 earnings per share. Liberty Property Trust updated its FY18 guidance to $2.53-2.65 EPS.

Shares of Liberty Property Trust (NYSE LPT) opened at $40.19 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.50 and a quick ratio of 1.78. Liberty Property Trust has a 52-week low of $37.21 and a 52-week high of $45.40. The stock has a market capitalization of $5,839.23, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, December 29th. Liberty Property Trust’s dividend payout ratio is currently 83.77%.

LPT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Morgan Stanley lifted their price target on Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, December 15th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a report on Wednesday. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.14.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the completion of the sale, the director now directly owns 56,814 shares of the company’s stock, valued at $2,531,631.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cape Cod Five Cents Savings Bank grew its position in shares of Liberty Property Trust by 16.0% in the fourth quarter. Cape Cod Five Cents Savings Bank now owns 53,833 shares of the real estate investment trust’s stock valued at $2,315,000 after purchasing an additional 7,430 shares in the last quarter. Ffcm LLC grew its position in Liberty Property Trust by 20.9% during the fourth quarter. Ffcm LLC now owns 20,417 shares of the real estate investment trust’s stock worth $878,000 after buying an additional 3,529 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in Liberty Property Trust by 228.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 116,671 shares of the real estate investment trust’s stock worth $5,018,000 after buying an additional 81,117 shares in the last quarter. LDR Capital Management LLC purchased a new position in Liberty Property Trust during the fourth quarter worth about $3,873,000. Finally, Renaissance Group LLC purchased a new position in Liberty Property Trust during the fourth quarter worth about $403,000. Institutional investors own 91.63% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2018/02/08/liberty-property-trust-lpt-announces-earnings-results-beats-expectations-by-0-03-eps.html.

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).

Earnings History for Liberty Property Trust (NYSE:LPT)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply