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.
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.
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