FY2016 Earnings Estimate for Liberty Property Trust Issued By Capital One Financial Corp. (LPT)
Liberty Property Trust (NYSE:LPT) – Stock analysts at Capital One Financial Corp. raised their FY2016 EPS estimates for shares of Liberty Property Trust in a note issued to investors on Monday, according to Zacks Investment Research. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will post earnings of $2.54 per share for the year, up from their previous estimate of $2.53. Capital One Financial Corp. currently has a “Equal Weight” rating on the stock. The consensus estimate for Liberty Property Trust’s FY2016 earnings is $2.47 per share. Capital One Financial Corp. also issued estimates for Liberty Property Trust’s FY2017 earnings at $2.56 EPS.
Other equities research analysts have also recently issued research reports about the company. Morgan Stanley cut Liberty Property Trust from an “overweight” rating to an “equal weight” rating and set a $35.00 price target for the company. in a report on Wednesday, October 28th. Goldman Sachs initiated coverage on Liberty Property Trust in a report on Monday, December 14th. They issued a “neutral” rating and a $32.00 price target for the company. Oppenheimer reaffirmed a “hold” rating on shares of Liberty Property Trust in a report on Monday, December 7th. Stifel Nicolaus cut Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 16th. Finally, Cowen and Company cut Liberty Property Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from $36.00 to $33.00 in a report on Tuesday, January 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Liberty Property Trust presently has an average rating of “Hold” and an average price target of $35.20.
Shares of Liberty Property Trust (NYSE:LPT) traded up 0.28% during midday trading on Thursday, reaching $29.02. The company’s stock had a trading volume of 796,136 shares. The stock’s 50-day moving average is $30.68 and its 200-day moving average is $32.43. Liberty Property Trust has a one year low of $27.37 and a one year high of $41.44. The company has a market capitalization of $4.29 billion and a P/E ratio of 18.05.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, October 27th. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. During the same period last year, the firm earned $0.64 earnings per share. The firm had revenue of $198.97 million for the quarter, compared to the consensus estimate of $201.11 million. The company’s revenue for the quarter was up .3% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 15th. Investors of record on Monday, January 4th were given a $0.475 dividend. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $1.90 annualized dividend and a yield of 6.55%.
A number of hedge funds and institutional investors have modified their holdings of LPT. Dalton Greiner Hartman Maher & Company acquired a new position in shares of Liberty Property Trust during the fourth quarter valued at $15,811,000. Quantitative Systematic Strategies acquired a new position in shares of Liberty Property Trust during the fourth quarter valued at $302,000. Finally, KBC Group raised its position in shares of Liberty Property Trust by 20.0% in the third quarter. KBC Group now owns 34,100 shares of the real estate investment trust’s stock valued at $1,074,000 after buying an additional 5,695 shares during the last quarter.
Liberty Property Trust (NYSE:LPT) is a self-administered and self-managed Maryland real estate investment trust. The Trust’s operations are conducted through its subsidiary, Liberty Property Limited Partnership (Operating Partnership or the Company), a Pennsylvania limited partnership. The Company provides leasing, property management, development and other tenant-related services for the properties under development and the properties in operation. As of December 31, 2014, the Company owned and operated 489 industrial and 180 office properties totaling 91.3 million square feet. As of December 31, 2014, the Company owned 25 properties under development. Additionally, as of December 31, 2014, the Company had an ownership interest, through unconsolidated joint ventures, in 49 industrial and 34 office properties totaling 14.3 million square feet, four properties under development, and 460 acres of developable land, substantially all of which is zoned for commercial use.
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