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Analysts Anticipate Liberty Property Trust (NYSE:LPT) Will Post Quarterly Sales of $166.01 Million

Brokerages expect that Liberty Property Trust (NYSE:LPT) will announce sales of $166.01 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Liberty Property Trust’s earnings, with the highest sales estimate coming in at $167.48 million and the lowest estimate coming in at $164.64 million. Liberty Property Trust reported sales of $180.28 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.9%. The company is scheduled to issue its next earnings report on Tuesday, February 4th.

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On average, analysts expect that Liberty Property Trust will report full-year sales of $645.48 million for the current year, with estimates ranging from $644.45 million to $646.39 million. For the next year, analysts anticipate that the company will report sales of $672.48 million, with estimates ranging from $653.52 million to $690.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $163.20 million for the quarter, compared to analyst estimates of $163.43 million. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. Liberty Property Trust’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share.

Several research firms recently weighed in on LPT. Morgan Stanley increased their price objective on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price objective on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Co lowered shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $57.00 to $59.00 in a research note on Monday, November 4th. Finally, ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating, Liberty Property Trust presently has an average rating of “Hold” and a consensus price target of $52.00.

LPT traded down $0.06 on Thursday, hitting $58.70. 838,889 shares of the company’s stock were exchanged, compared to its average volume of 1,034,185. The firm has a market cap of $8.62 billion, a PE ratio of 26.68, a P/E/G ratio of 3.81 and a beta of 0.76. Liberty Property Trust has a twelve month low of $40.15 and a twelve month high of $59.97. The stock has a fifty day moving average of $52.81 and a two-hundred day moving average of $50.96. The company has a current ratio of 7.33, a quick ratio of 2.27 and a debt-to-equity ratio of 0.78.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. Liberty Property Trust’s payout ratio is currently 74.55%.

In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 2,741 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total value of $140,503.66. Following the sale, the chief accounting officer now owns 50,559 shares in the company, valued at $2,591,654.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Liberty Property Trust by 2.1% in the second quarter. Van ECK Associates Corp now owns 34,581 shares of the real estate investment trust’s stock valued at $1,730,000 after purchasing an additional 711 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of Liberty Property Trust by 17.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,038,559 shares of the real estate investment trust’s stock valued at $51,969,000 after purchasing an additional 157,058 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Liberty Property Trust by 11.3% in the third quarter. Envestnet Asset Management Inc. now owns 160,465 shares of the real estate investment trust’s stock valued at $8,237,000 after purchasing an additional 16,253 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Liberty Property Trust by 295.5% in the second quarter. Nuveen Asset Management LLC now owns 1,584,673 shares of the real estate investment trust’s stock valued at $79,297,000 after purchasing an additional 1,184,017 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Liberty Property Trust by 30.4% in the second quarter. Prudential Financial Inc. now owns 114,671 shares of the real estate investment trust’s stock valued at $5,738,000 after purchasing an additional 26,740 shares during the period. Institutional investors own 92.77% of the company’s stock.

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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