Liberty Property Trust (LPT) Expected to Post Quarterly Sales of $168.51 Million

Equities analysts predict that Liberty Property Trust (NYSE:LPT) will announce sales of $168.51 million for the current quarter, Zacks reports. Four analysts have issued estimates for Liberty Property Trust’s earnings, with estimates ranging from $161.30 million to $178.30 million. Liberty Property Trust reported sales of $190.17 million during the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The company is scheduled to report its next earnings results on Tuesday, April 23rd.

On average, analysts expect that Liberty Property Trust will report full year sales of $678.05 million for the current financial year, with estimates ranging from $657.03 million to $708.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $693.01 million, with estimates ranging from $665.35 million to $733.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $123.19 million. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. SunTrust Banks lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Mitsubishi UFJ Financial Group lowered Liberty Property Trust from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $42.00 in a research note on Friday, January 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.83.

In related news, Director David L. Lingerfelt sold 2,200 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $47.24, for a total transaction of $103,928.00. Following the transaction, the director now directly owns 50,915 shares in the company, valued at $2,405,224.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mary Beth Morrissey sold 6,237 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $46.75, for a total value of $291,579.75. Following the transaction, the chief accounting officer now owns 60,698 shares in the company, valued at $2,837,631.50. The disclosure for this sale can be found here. Insiders have sold 36,063 shares of company stock worth $1,700,007 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Liberty Property Trust by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 1,968,261 shares of the real estate investment trust’s stock valued at $82,387,000 after acquiring an additional 133,477 shares during the period. Norges Bank bought a new stake in shares of Liberty Property Trust in the 4th quarter valued at approximately $62,405,000. WealthPLAN Partners LLC grew its stake in shares of Liberty Property Trust by 6.0% in the 4th quarter. WealthPLAN Partners LLC now owns 11,190 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 635 shares during the period. Nordea Investment Management AB grew its stake in shares of Liberty Property Trust by 18.1% in the 4th quarter. Nordea Investment Management AB now owns 4,516 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 692 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Liberty Property Trust by 108.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,979,397 shares of the real estate investment trust’s stock valued at $208,537,000 after purchasing an additional 2,592,559 shares during the period. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Liberty Property Trust stock opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market capitalization of $7.12 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 3.11 and a beta of 0.77. Liberty Property Trust has a 52 week low of $38.58 and a 52 week high of $49.08.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.41%. This is a positive change from Liberty Property Trust’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, March 29th. Liberty Property Trust’s payout ratio is currently 72.73%.

About Liberty Property Trust

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 industrial and office properties. Liberty's 103.5 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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