Liberty Property Trust (NYSE:LPT) Expected to Post Earnings of $0.65 Per Share

Equities research analysts forecast that Liberty Property Trust (NYSE:LPT) will announce earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Liberty Property Trust’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.64. Liberty Property Trust reported earnings of $0.69 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, July 30th.

On average, analysts expect that Liberty Property Trust will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.61. For the next financial year, analysts anticipate that the firm will report earnings of $2.70 per share, with EPS estimates ranging from $2.63 to $2.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. The firm had revenue of $156.89 million for the quarter, compared to analyst estimates of $126.10 million. During the same quarter in the previous year, the company posted $0.65 EPS. The business’s revenue was up 7.2% on a year-over-year basis.

A number of equities research analysts have commented on LPT shares. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Goldman Sachs Group started coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liberty Property Trust presently has an average rating of “Hold” and a consensus price target of $47.17.

Shares of NYSE LPT traded down $0.69 during trading on Friday, reaching $50.77. The company had a trading volume of 1,032,148 shares, compared to its average volume of 692,397. The company has a fifty day simple moving average of $50.16. Liberty Property Trust has a 12 month low of $39.82 and a 12 month high of $51.91. The company has a market cap of $7.53 billion, a PE ratio of 23.08, a P/E/G ratio of 3.27 and a beta of 0.77. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.92.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.23%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 74.55%.

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

Large investors have recently made changes to their positions in the company. Destination Wealth Management acquired a new position in shares of Liberty Property Trust in the 2nd quarter valued at about $31,000. Zions Bancorporation N.A. acquired a new position in shares of Liberty Property Trust in the 1st quarter valued at about $36,000. Quadrant Capital Group LLC lifted its stake in shares of Liberty Property Trust by 74.1% in the 1st quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 400 shares during the period. Fort L.P. acquired a new position in shares of Liberty Property Trust in the 4th quarter valued at about $44,000. Finally, Machina Capital S.A.S. acquired a new position in shares of Liberty Property Trust in the 2nd quarter valued at about $50,000. 92.47% of the stock is currently owned by institutional investors.

Liberty Property Trust Company Profile

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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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