Equities research analysts expect Liberty Property Trust (NYSE:LPT) to announce $168.51 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Liberty Property Trust’s earnings. The lowest sales estimate is $161.30 million and the highest is $178.30 million. Liberty Property Trust reported sales of $190.17 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 30th.
According to Zacks, analysts expect that Liberty Property Trust will report full year sales of $678.05 million for the current fiscal year, with estimates ranging from $657.03 million to $708.70 million. For the next financial year, analysts anticipate that the business will post sales of $693.01 million, with estimates ranging from $665.35 million to $733.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. The business had revenue of $124.90 million during the quarter, compared to analyst estimates of $123.19 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.
In other Liberty Property Trust news, CIO Michael T. Hagan sold 27,626 shares of Liberty Property Trust stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $47.22, for a total transaction of $1,304,499.72. Following the sale, the executive now owns 194,052 shares of the company’s stock, valued at approximately $9,163,135.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Lingerfelt sold 2,200 shares of Liberty Property Trust stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $47.24, for a total value of $103,928.00. Following the sale, the director now directly owns 50,915 shares in the company, valued at approximately $2,405,224.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,063 shares of company stock valued at $1,700,007 in the last 90 days. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Liberty Property Trust by 0.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,178 shares of the real estate investment trust’s stock valued at $1,755,000 after acquiring an additional 257 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Liberty Property Trust by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 39,600 shares of the real estate investment trust’s stock valued at $1,917,000 after acquiring an additional 400 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Liberty Property Trust by 3.1% in the 1st quarter. DNB Asset Management AS now owns 15,156 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 456 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Liberty Property Trust by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 64,598 shares of the real estate investment trust’s stock worth $3,126,000 after buying an additional 554 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its stake in shares of Liberty Property Trust by 6.5% in the 1st quarter. IFM Investors Pty Ltd now owns 9,896 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 606 shares in the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:LPT traded up $0.40 during midday trading on Tuesday, reaching $48.36. 623,895 shares of the company traded hands, compared to its average volume of 701,297. Liberty Property Trust has a twelve month low of $39.12 and a twelve month high of $49.77. The firm has a market capitalization of $7.16 billion, a P/E ratio of 21.98, a P/E/G ratio of 3.13 and a beta of 0.77. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 2.68.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.41 per share. The ex-dividend date was Friday, March 29th. This represents a $1.64 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Liberty Property Trust’s previous quarterly dividend of $0.40. Liberty Property Trust’s payout ratio is currently 74.55%.
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 superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 106 million square foot operating portfolio provides productive work environments to 1,200 tenants.
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