Liberty Property Trust (LPT) Updates FY18 Earnings Guidance
Liberty Property Trust (NYSE:LPT) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.53-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.61.
A number of equities analysts recently commented on the company. ValuEngine raised Liberty Property Trust from a hold rating to a buy rating in a research note on Friday, November 10th. Morgan Stanley lifted their price objective on Liberty Property Trust from $43.00 to $44.00 and gave the stock an equal weight rating in a research note on Friday, December 15th. JPMorgan Chase & Co. lowered Liberty Property Trust from a neutral rating to an underweight rating and set a $41.00 price objective on the stock. in a research note on Friday, December 15th. Zacks Investment Research lowered Liberty Property Trust from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill raised 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Liberty Property Trust currently has a consensus rating of Hold and an average price target of $43.14.
Liberty Property Trust (NYSE LPT) opened at $40.19 on Thursday. Liberty Property Trust has a 12 month low of $37.21 and a 12 month high of $45.40. The company has a quick ratio of 1.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $5,839.23, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Friday, December 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 83.77%.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the transaction, the director now directly owns 56,814 shares of the company’s stock, valued at $2,531,631.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.
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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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