Liberty Property Trust (LPT) Earns “Hold” Rating from KeyCorp – Dispatch Tribunal


KeyCorp reissued their hold rating on shares of Liberty Property Trust (NYSE:LPT) in a research note issued to investors on Tuesday.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus reissued a buy rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, September 21st. Zacks Investment Research lowered Liberty Property Trust from a buy rating to a hold rating in a research report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $44.17.

Shares of Liberty Property Trust (NYSE LPT) traded up 1.05% during trading on Tuesday, hitting $43.22. The stock had a trading volume of 953,508 shares. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.49 and a beta of 0.88. The firm has a 50 day moving average of $42.01 and a 200 day moving average of $41.54. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $43.70.

Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The firm had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. During the same period in the prior year, the business posted $0.66 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts expect that Liberty Property Trust will post $1.24 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Monday, October 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Friday, September 29th. Liberty Property Trust’s dividend payout ratio is presently 67.51%.

Liberty Property Trust declared that its board has authorized a stock buyback program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Large investors have recently bought and sold shares of the business. State Treasurer State of Michigan increased its position in shares of Liberty Property Trust by 1.7% during the 2nd quarter. State Treasurer State of Michigan now owns 60,700 shares of the real estate investment trust’s stock worth $2,471,000 after purchasing an additional 1,000 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Liberty Property Trust by 3.0% during the 2nd quarter. Pacer Advisors Inc. now owns 27,095 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 792 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Liberty Property Trust by 21.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock worth $152,125,000 after purchasing an additional 649,069 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Liberty Property Trust by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 38,400 shares of the real estate investment trust’s stock worth $1,563,000 after purchasing an additional 1,300 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in shares of Liberty Property Trust by 12.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 7,881 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 848 shares during the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Property Trust

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)




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