Analysts Anticipate Liberty Property Trust (LPT) to Post $0.65 EPS

Analysts forecast that Liberty Property Trust (NYSE:LPT) will report earnings per share (EPS) of $0.65 for the current quarter, Zacks reports. Three analysts have issued estimates for Liberty Property Trust’s earnings, with estimates ranging from $0.64 to $0.66. Liberty Property Trust reported earnings per share of $0.41 in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.5%. The company is scheduled to issue its next earnings results on Tuesday, February 6th.

On average, analysts expect that Liberty Property Trust will report full year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.55 to $2.56. For the next financial year, analysts forecast that the company will report earnings of $2.61 per share, with EPS estimates ranging from $2.56 to $2.67. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was up 1.5% on a year-over-year basis.

Several equities 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 $48.00 price objective for the company in a research note on Tuesday, September 12th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a research note on Thursday, December 14th. JPMorgan Chase & Co. downgraded shares of Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price objective for the company. in a research note on Friday, December 15th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.43.

Liberty Property Trust (NYSE:LPT) traded up $0.15 during midday trading on Tuesday, reaching $42.04. 461,700 shares of the company’s stock traded hands, compared to its average volume of 664,940. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. Liberty Property Trust has a one year low of $37.21 and a one year high of $45.40. The firm has a market capitalization of $6,175.34, a P/E ratio of 17.74, a PEG ratio of 2.67 and a beta of 0.89.

Liberty Property Trust announced that its Board of Directors has authorized a stock repurchase program on Monday, October 2nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.81%. Liberty Property Trust’s dividend payout ratio (DPR) is 67.51%.

In other news, Director David L. Lingerfelt sold 18,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the completion of the sale, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Liberty Property Trust by 28.3% during the third quarter. Public Employees Retirement System of Ohio now owns 290,716 shares of the real estate investment trust’s stock worth $11,937,000 after purchasing an additional 64,072 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Liberty Property Trust by 239.7% during the third quarter. GSA Capital Partners LLP now owns 21,576 shares of the real estate investment trust’s stock worth $886,000 after purchasing an additional 15,225 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Liberty Property Trust during the third quarter worth about $100,000. Sterling Capital Management LLC raised its holdings in Liberty Property Trust by 30.2% during the third quarter. Sterling Capital Management LLC now owns 73,437 shares of the real estate investment trust’s stock worth $3,015,000 after purchasing an additional 17,027 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Liberty Property Trust by 4.6% during the third quarter. California Public Employees Retirement System now owns 392,334 shares of the real estate investment trust’s stock worth $16,109,000 after purchasing an additional 17,371 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

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Liberty Property Trust Company Profile

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).

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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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