Liberty Property Trust (NYSE:LPT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Liberty Property Trust (NYSE:LPT) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.80.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, April 9th. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price target for the company.

Shares of LPT traded up $0.26 during trading hours on Friday, reaching $49.73. 18,887 shares of the company traded hands, compared to its average volume of 819,487. The firm has a market capitalization of $7.33 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.77 and a quick ratio of 2.77. Liberty Property Trust has a 12-month low of $39.82 and a 12-month high of $50.48.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $156.89 million for the quarter, compared to analyst estimates of $126.10 million. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, research analysts anticipate that Liberty Property Trust will post 2.59 EPS for the current fiscal year.

In other news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total value of $293,323.90. Following the sale, the chief accounting officer now directly owns 57,621 shares in the company, valued at approximately $2,879,321.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc increased its stake in Liberty Property Trust by 0.5% in the third quarter. Vanguard Group Inc now owns 21,713,904 shares of the real estate investment trust’s stock valued at $917,412,000 after purchasing an additional 98,884 shares during the period. Royal London Asset Management Ltd. increased its stake in Liberty Property Trust by 9.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 65,545 shares of the real estate investment trust’s stock valued at $2,743,000 after purchasing an additional 5,458 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Liberty Property Trust by 90.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,314 shares of the real estate investment trust’s stock valued at $809,000 after purchasing an additional 9,175 shares during the period. Rhumbline Advisers increased its stake in Liberty Property Trust by 41.0% in the fourth quarter. Rhumbline Advisers now owns 412,381 shares of the real estate investment trust’s stock valued at $17,271,000 after purchasing an additional 119,988 shares during the period. Finally, Dupont Capital Management Corp increased its stake in Liberty Property Trust by 71.9% in the fourth quarter. Dupont Capital Management Corp now owns 69,213 shares of the real estate investment trust’s stock valued at $2,899,000 after purchasing an additional 28,944 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

About Liberty Property Trust

Liberty Property Trust 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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