Liberty Property Trust (NYSE:LPT) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.75.

Several research analysts have recently weighed in 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 on the stock in a research note on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Stifel Nicolaus boosted their price objective 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. Finally, Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research note on Wednesday, October 25th.

Shares of Liberty Property Trust (NYSE:LPT) opened at $44.75 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 1.78. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $44.52. The company has a market cap of $6,548.31, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. sell-side analysts anticipate that Liberty Property Trust will post 2.56 earnings per share for the current fiscal year.

Liberty Property Trust declared that its Board of Directors has approved a share buyback plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.58%. Liberty Property Trust’s dividend payout ratio is presently 67.51%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Liberty Property Trust by 4.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 143 shares during the last quarter. World Asset Management Inc grew its stake in Liberty Property Trust by 1.7% in the 2nd quarter. World Asset Management Inc now owns 11,453 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Liberty Property Trust by 0.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock valued at $1,298,000 after buying an additional 213 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Liberty Property Trust by 3.2% in the 2nd quarter. CIBC Asset Management Inc now owns 10,886 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 342 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

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).

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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