Liberty Property Trust (LPT) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Liberty Property Trust (NYSE:LPT) in a report published on Wednesday. The firm currently has a $44.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on LPT. SunTrust Banks upgraded Liberty Property Trust from a hold rating to a buy rating in a research report on Monday, January 22nd. ValuEngine upgraded Liberty Property Trust from a hold rating to a buy rating in a research report on Friday, November 10th. Morgan Stanley increased their price target 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. Zacks Investment Research downgraded Liberty Property Trust from a hold rating to a sell rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill raised Liberty Property Trust from a sell rating to a hold rating and set a $45.00 price objective on the stock in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $43.14.

Shares of Liberty Property Trust (LPT) opened at $39.56 on Wednesday. The company has a market capitalization of $5,708.02, a P/E ratio of 20.71, a P/E/G ratio of 2.49 and a beta of 0.76. Liberty Property Trust has a 12-month low of $37.21 and a 12-month high of $45.40. The company has a current ratio of 1.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $192.80 million for the quarter, compared to analyst estimates of $173.02 million. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. During the same period in the prior year, the company earned $0.41 EPS. analysts anticipate that Liberty Property Trust will post 2.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, December 29th. Liberty Property Trust’s dividend payout ratio is 83.77%.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,531,631.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 98 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Liberty Property Trust by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock valued at $3,519,000 after purchasing an additional 722 shares during the period. Stifel Financial Corp lifted its stake in shares of Liberty Property Trust by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock valued at $1,787,000 after purchasing an additional 893 shares during the period. Harrington Investments INC lifted its stake in shares of Liberty Property Trust by 6.4% in the 4th quarter. Harrington Investments INC now owns 21,609 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 1,306 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Liberty Property Trust by 3.2% in the 4th quarter. Aperio Group LLC now owns 50,926 shares of the real estate investment trust’s stock valued at $2,190,000 after purchasing an additional 1,568 shares during the period. 91.63% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Liberty Property Trust (LPT) Given “Buy” Rating at Stifel Nicolaus” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/11/liberty-property-trust-lpt-given-buy-rating-at-stifel-nicolaus.html.

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).

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

Receive News & Ratings for Liberty Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit