Liberty Property Trust (LPT) Given New $47.00 Price Target at Mitsubishi UFJ Financial Group

Liberty Property Trust (NYSE:LPT) had its target price reduced by Mitsubishi UFJ Financial Group from $49.00 to $47.00 in a research note issued to investors on Wednesday morning, The Fly reports. They currently have an overweight rating on the real estate investment trust’s stock. Mitsubishi UFJ Financial Group also issued estimates for Liberty Property Trust’s FY2018 earnings at $2.67 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.69 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.69 EPS and FY2020 earnings at $2.75 EPS.

Other equities research analysts have also recently issued reports about the company. Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the stock a hold rating in a report on Wednesday, July 25th. Zacks Investment Research raised Liberty Property Trust from a hold rating to a buy rating and set a $47.00 target price on the stock in a report on Thursday, October 4th. Stifel Nicolaus boosted their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the stock a buy rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks reissued a buy rating and set a $47.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Liberty Property Trust has an average rating of Buy and an average target price of $45.00.

Shares of LPT stock traded down $0.82 during trading hours on Wednesday, hitting $42.88. The stock had a trading volume of 1,406,893 shares, compared to its average volume of 1,190,483. Liberty Property Trust has a one year low of $37.77 and a one year high of $45.40. The company has a current ratio of 1.54, a quick ratio of 1.76 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.71 and a beta of 0.61.



Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.36. Liberty Property Trust had a return on equity of 6.68% and a net margin of 59.89%. The firm had revenue of $121.51 million for the quarter, compared to analysts’ expectations of $119.79 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Liberty Property Trust will post 2.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.60 annualized dividend and a yield of 3.73%. Liberty Property Trust’s payout ratio is currently 61.78%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Quadrant L P CA increased its stake in Liberty Property Trust by 54.3% during the third quarter. First Quadrant L P CA now owns 282,214 shares of the real estate investment trust’s stock worth $11,924,000 after acquiring an additional 99,324 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Liberty Property Trust by 17.6% during the third quarter. IFM Investors Pty Ltd now owns 9,314 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 1,397 shares during the last quarter. Oakbrook Investments LLC increased its stake in Liberty Property Trust by 35.4% during the third quarter. Oakbrook Investments LLC now owns 9,172 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 2,400 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Liberty Property Trust during the third quarter worth approximately $1,450,000. Finally, Aperio Group LLC increased its stake in Liberty Property Trust by 3.4% during the third quarter. Aperio Group LLC now owns 53,384 shares of the real estate investment trust’s stock worth $2,255,000 after acquiring an additional 1,746 shares during the last quarter. 90.35% of the stock is currently owned by institutional investors.

Liberty Property Trust Company Profile

Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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