Zacks Investment Research upgraded shares of Liberty Property Trust (NYSE:LPT) from a sell rating to a hold rating in a report released on Wednesday.
According to Zacks, “Liberty Property’s second-quarter 2018 adjusted funds from operations (FFO) per share surpassed the Zacks Consensus Estimate. Moreover, the company is experiencing healthy rent escalation on retained and replacement leases. Further, it has been disposing non-core office properties to focus on industrial assets. Such efforts to refine portfolio and capitalize on value creation opportunities are accretive to its FFO. However, large scale dispositions will likely have a dilutive impact on the company’s earnings in the near term. Further, with rising supply of industrial real estate space, there is lesser scope for robust rent and occupancy growth. Any protectionist trade policies will also have an adverse impact on economic growth, as well as the company’s business over the long term. Also, shares of the company have underperformed its industry, in the past three months.”
Other research analysts have also recently issued research reports about the company. Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the company a hold rating in a research note on Wednesday, July 25th. ValuEngine cut Liberty Property Trust from a buy rating to a hold rating in a research note on Thursday, May 17th. Morgan Stanley cut their target price on Liberty Property Trust from $44.00 to $43.00 and set an equal weight rating on the stock in a research note on Thursday, June 14th. Stifel Nicolaus upped their target price on Liberty Property Trust from $44.00 to $46.00 and gave the company a buy rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks reaffirmed a buy rating and set a $47.00 target price on shares of Liberty Property Trust in a research note on Wednesday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $44.83.
Liberty Property Trust traded down $0.17, hitting $43.75, during trading hours on Wednesday, according to Marketbeat.com. 788,401 shares of the company were exchanged, compared to its average volume of 943,222. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.76 and a quick ratio of 1.76. Liberty Property Trust has a 52 week low of $37.77 and a 52 week high of $45.40. The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.89, a PEG ratio of 2.80 and a beta of 0.68.
Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $166.69 million. Liberty Property Trust had a return on equity of 7.21% and a net margin of 46.16%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. equities research analysts anticipate that Liberty Property Trust will post 2.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 15th. Investors of record on Monday, July 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, June 29th. This represents a $1.60 annualized dividend and a yield of 3.66%. Liberty Property Trust’s dividend payout ratio (DPR) is currently 61.78%.
Large investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings in Liberty Property Trust by 170.8% during the first quarter. Assetmark Inc. now owns 3,366 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 2,123 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in Liberty Property Trust during the first quarter worth $142,000. Optimum Investment Advisors purchased a new stake in Liberty Property Trust during the first quarter worth $167,000. NumerixS Investment Technologies Inc lifted its holdings in Liberty Property Trust by 45.2% during the second quarter. NumerixS Investment Technologies Inc now owns 4,355 shares of the real estate investment trust’s stock worth $194,000 after buying an additional 1,355 shares during the period. Finally, US Bancorp DE lifted its holdings in Liberty Property Trust by 108.5% during the second quarter. US Bancorp DE now owns 4,363 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 2,270 shares during the period. 91.07% of the stock is currently owned by institutional investors.
Liberty Property Trust Company Profile
Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.
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