$0.65 EPS Expected for Liberty Property Trust (NYSE:LPT) This Quarter

Wall Street brokerages expect that Liberty Property Trust (NYSE:LPT) will post earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Liberty Property Trust’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.65. Liberty Property Trust reported earnings per share of $0.69 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The company is expected to report its next quarterly earnings report before the market opens on Tuesday, July 30th.

On average, analysts expect that Liberty Property Trust will report full-year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.61. For the next year, analysts expect that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.63 to $2.73. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The company had revenue of $156.89 million during the quarter, compared to analysts’ expectations of $126.10 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. Liberty Property Trust’s revenue for the quarter was up 7.2% compared to the same quarter last year.

LPT has been the subject of a number of research analyst reports. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target for the company. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Liberty Property Trust presently has an average rating of “Hold” and an average price target of $47.17.

Shares of NYSE LPT traded down $0.69 during midday trading on Friday, reaching $50.77. The company had a trading volume of 1,032,148 shares, compared to its average volume of 692,397. The company’s 50-day moving average is $50.16. The company has a market cap of $7.53 billion, a PE ratio of 23.08, a P/E/G ratio of 3.27 and a beta of 0.77. Liberty Property Trust has a 1 year low of $39.82 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.77 and a current ratio of 2.77.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.41 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.23%. Liberty Property Trust’s dividend payout ratio is currently 74.55%.

In related news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total transaction of $293,323.90. Following the completion of the transaction, the chief accounting officer now owns 57,621 shares of the company’s stock, valued at $2,879,321.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of LPT. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Liberty Property Trust by 108.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,979,397 shares of the real estate investment trust’s stock worth $208,537,000 after purchasing an additional 2,592,559 shares during the last quarter. Deutsche Bank AG grew its position in Liberty Property Trust by 305.9% during the fourth quarter. Deutsche Bank AG now owns 2,061,811 shares of the real estate investment trust’s stock valued at $86,343,000 after buying an additional 1,553,824 shares during the period. Norges Bank acquired a new stake in Liberty Property Trust during the fourth quarter valued at $62,405,000. Principal Financial Group Inc. grew its position in Liberty Property Trust by 100.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,738,079 shares of the real estate investment trust’s stock valued at $114,672,000 after buying an additional 1,375,253 shares during the period. Finally, CI Investments Inc. acquired a new stake in Liberty Property Trust during the fourth quarter valued at $54,257,000. 92.47% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Trade War

Get a free copy of the Zacks research report on Liberty Property Trust (LPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.