Shares of Liberty Property Trust (NYSE:LPT) have been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $45.00.
A number of equities analysts recently commented on the company. ValuEngine cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus raised their target price on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. JPMorgan Chase & Co. raised Liberty Property Trust from an “underweight” rating to a “neutral” rating in a report on Friday, June 15th. Finally, Morgan Stanley decreased their target price on Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, June 14th.
Liberty Property Trust stock traded down $0.52 during trading on Wednesday, reaching $43.00. The company had a trading volume of 511,713 shares, compared to its average volume of 634,573. Liberty Property Trust has a 52 week low of $37.77 and a 52 week high of $45.40. The stock has a market cap of $6.43 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.77 and a beta of 0.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.76 and a current ratio of 1.76.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. Liberty Property Trust had a return on equity of 7.21% and a net margin of 46.16%. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $166.69 million. During the same period last year, the firm earned $0.65 EPS. analysts predict that Liberty Property Trust will post 2.62 EPS for the current year.
A number of large investors have recently bought and sold shares of LPT. Fort Washington Investment Advisors Inc. OH bought a new stake in Liberty Property Trust during the first quarter valued at about $401,000. Daiwa Securities Group Inc. raised its holdings in Liberty Property Trust by 19.4% during the first quarter. Daiwa Securities Group Inc. now owns 33,200 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 5,400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Liberty Property Trust by 5.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,415 shares of the real estate investment trust’s stock valued at $1,685,000 after acquiring an additional 2,039 shares during the period. Comerica Bank raised its holdings in Liberty Property Trust by 1.4% during the first quarter. Comerica Bank now owns 128,707 shares of the real estate investment trust’s stock valued at $5,079,000 after acquiring an additional 1,832 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Liberty Property Trust by 1.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 523,857 shares of the real estate investment trust’s stock valued at $20,813,000 after acquiring an additional 8,961 shares during the period. 91.34% of the stock is currently owned by institutional investors and hedge funds.
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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