Liberty Property Trust (LPT) Receives Average Recommendation of “Hold” from Analysts

Liberty Property Trust (NYSE:LPT) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.33.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a research report on Thursday, July 6th.

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Shares of Liberty Property Trust (NYSE LPT) opened at 42.51 on Wednesday. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The company has a market capitalization of $6.26 billion, a P/E ratio of 18.18 and a beta of 0.88. The company has a 50 day moving average of $42.09 and a 200-day moving average of $40.97.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The company had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Liberty Property Trust will post $1.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.76%. Liberty Property Trust’s dividend payout ratio is currently 68.38%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. grew its stake in shares of Liberty Property Trust by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 98 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Liberty Property Trust by 0.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 23,908 shares of the real estate investment trust’s stock worth $922,000 after acquiring an additional 115 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Liberty Property Trust by 4.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 143 shares in the last quarter. World Asset Management Inc grew its stake in shares of Liberty Property Trust by 1.7% during the 2nd quarter. World Asset Management Inc now owns 11,453 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 196 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Liberty Property Trust by 0.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 213 shares in the last quarter. 91.65% of the stock is owned by 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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