$164.34 Million in Sales Expected for Liberty Property Trust (LPT) This Quarter

Analysts forecast that Liberty Property Trust (NYSE:LPT) will post sales of $164.34 million for the current quarter, Zacks reports. Four analysts have provided estimates for Liberty Property Trust’s earnings, with the highest sales estimate coming in at $179.00 million and the lowest estimate coming in at $157.88 million. Liberty Property Trust reported sales of $192.80 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.8%. The firm is expected to report its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that Liberty Property Trust will report full year sales of $637.10 million for the current year, with estimates ranging from $630.20 million to $640.61 million. For the next financial year, analysts forecast that the firm will post sales of $672.23 million, with estimates ranging from $639.51 million to $748.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. Liberty Property Trust had a return on equity of 6.68% and a net margin of 59.89%. The company had revenue of $121.51 million during the quarter, compared to analysts’ expectations of $119.79 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

Several research firms recently commented on LPT. ValuEngine lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $47.00 target price on shares of Liberty Property Trust in a report on Wednesday, August 8th. Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the stock a “hold” rating in a report on Wednesday, July 25th. 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. Finally, Zacks Investment Research lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Liberty Property Trust has a consensus rating of “Hold” and a consensus target price of $45.00.

Institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC grew its holdings in Liberty Property Trust by 5.5% in the second quarter. Flinton Capital Management LLC now owns 22,100 shares of the real estate investment trust’s stock valued at $980,000 after purchasing an additional 1,156 shares during the period. Macquarie Group Ltd. grew its holdings in Liberty Property Trust by 50.3% in the second quarter. Macquarie Group Ltd. now owns 261,654 shares of the real estate investment trust’s stock valued at $11,599,000 after purchasing an additional 87,520 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Liberty Property Trust in the second quarter valued at approximately $1,655,000. Schwab Charles Investment Management Inc. grew its holdings in Liberty Property Trust by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,765,863 shares of the real estate investment trust’s stock valued at $78,281,000 after purchasing an additional 98,897 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Liberty Property Trust in the second quarter valued at approximately $1,768,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Property Trust stock traded down $0.50 during midday trading on Tuesday, hitting $44.01. 36,237 shares of the company were exchanged, compared to its average volume of 1,284,984. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.76 and a beta of 0.55. Liberty Property Trust has a fifty-two week low of $37.77 and a fifty-two week high of $45.40. The company has a quick ratio of 1.76, a current ratio of 1.54 and a debt-to-equity ratio of 0.94.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Friday, September 28th. Liberty Property Trust’s dividend payout ratio (DPR) is 61.78%.

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

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