Analysts Anticipate Liberty Property Trust (LPT) Will Post Quarterly Sales of $173.02 Million

Equities analysts expect Liberty Property Trust (NYSE:LPT) to post $173.02 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Liberty Property Trust’s earnings, with the lowest sales estimate coming in at $168.92 million and the highest estimate coming in at $179.40 million. Liberty Property Trust posted sales of $179.06 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The company is expected to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Liberty Property Trust will report full-year sales of $173.02 million for the current year, with estimates ranging from $667.15 million to $725.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $716.63 million per share, with estimates ranging from $686.33 million to $777.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). The company had revenue of $193.65 million during the quarter, compared to analysts’ expectations of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. Liberty Property Trust’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share.

Several brokerages have recently weighed in on LPT. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Morgan Stanley boosted their target price on Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, December 15th. JPMorgan Chase & Co. cut Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a research report on Friday, December 15th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Liberty Property Trust has an average rating of “Hold” and a consensus target price of $43.43.

In related news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at approximately $2,531,631.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Harrington Investments INC purchased a new position in Liberty Property Trust during the 3rd quarter valued at about $834,000. Dimensional Fund Advisors LP increased its holdings in Liberty Property Trust by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,133,207 shares of the real estate investment trust’s stock valued at $86,844,000 after purchasing an additional 119,503 shares during the period. Teacher Retirement System of Texas purchased a new position in Liberty Property Trust during the 3rd quarter valued at about $611,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Liberty Property Trust by 5.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 299,621 shares of the real estate investment trust’s stock valued at $12,302,000 after purchasing an additional 14,392 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Liberty Property Trust by 231.7% during the 2nd quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock worth $23,278,000 after acquiring an additional 399,424 shares during the period. Institutional investors own 91.28% of the company’s stock.

Liberty Property Trust (LPT) opened at $41.24 on Thursday. The firm has a market capitalization of $6,175.34, a price-to-earnings ratio of 17.40, a PEG ratio of 2.67 and a beta of 0.89. Liberty Property Trust has a 52-week low of $37.21 and a 52-week high of $45.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78.

Liberty Property Trust announced that its board has authorized a share repurchase plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, December 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.

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About Liberty Property Trust

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

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