Liberty Property Trust (LPT) Now Covered by Goldman Sachs Group

Analysts at Goldman Sachs Group initiated coverage on shares of Liberty Property Trust (NYSE:LPT) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the real estate investment trust’s stock.

LPT has been the subject of several other research reports. Zacks Investment Research downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. SunTrust Banks downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $46.17.

Shares of Liberty Property Trust stock traded up $0.34 on Wednesday, reaching $48.00. The company had a trading volume of 715,472 shares, compared to its average volume of 831,804. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.09 and a beta of 0.77. Liberty Property Trust has a 52-week low of $39.82 and a 52-week high of $50.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.77 and a current ratio of 2.77.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $156.89 million for the quarter, compared to the consensus estimate of $126.10 million. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Equities analysts expect that Liberty Property Trust will post 2.58 earnings per share for the current year.

In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $49.97, for a total value of $293,323.90. Following the sale, the chief accounting officer now directly owns 57,621 shares in the company, valued at $2,879,321.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Michael T. Hagan sold 27,626 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $47.22, for a total value of $1,304,499.72. Following the completion of the sale, the executive now owns 194,052 shares in the company, valued at $9,163,135.44. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in Liberty Property Trust by 3.1% in the first quarter. Commonwealth Equity Services LLC now owns 7,586 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 231 shares during the last quarter. Utah Retirement Systems lifted its stake in Liberty Property Trust by 0.6% in the first quarter. Utah Retirement Systems now owns 38,065 shares of the real estate investment trust’s stock valued at $1,844,000 after buying an additional 237 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Liberty Property Trust by 0.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,178 shares of the real estate investment trust’s stock valued at $1,755,000 after buying an additional 257 shares during the last quarter. US Bancorp DE lifted its stake in Liberty Property Trust by 6.5% in the first quarter. US Bancorp DE now owns 4,532 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 276 shares during the last quarter. Finally, Princeton Capital Management LLC lifted its stake in Liberty Property Trust by 37.5% in the first quarter. Princeton Capital Management LLC now owns 1,077 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 294 shares during the last quarter. Institutional investors own 93.54% of the company’s stock.

Liberty Property Trust Company Profile

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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