Liberty Property Trust (NYSE:LPT)‘s stock had its “hold” rating reissued by BMO Capital Markets in a research report issued on Wednesday. They presently have a $40.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential downside of 1.86% from the stock’s current price.

A number of other research firms have also issued reports on LPT. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Monday, January 9th. Mitsubishi UFJ Financial Group lowered Liberty Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $46.00 in a research note on Friday, January 6th. Wells Fargo & Co upgraded Liberty Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 13th. Sandler O’Neill lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, December 14th. Finally, Capital One Financial Corp. lowered Liberty Property Trust from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.71.

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

Liberty Property Trust (NYSE:LPT) opened at 40.76 on Wednesday. Liberty Property Trust has a 52-week low of $33.89 and a 52-week high of $42.26. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 16.77 and a beta of 0.89. The stock has a 50 day moving average of $39.05 and a 200-day moving average of $39.20.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Liberty Property Trust had a return on equity of 12.02% and a net margin of 47.78%. The company had revenue of $179.10 million for the quarter, compared to analyst estimates of $181.74 million. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, analysts forecast that Liberty Property Trust will post $1.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 15th. Stockholders of record on Friday, March 31st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, March 29th. Liberty Property Trust’s payout ratio is currently 78.19%.

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In other news, Director Fredric J. Tomczyk acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was purchased at an average cost of $38.85 per share, for a total transaction of $194,250.00. Following the acquisition, the director now owns 12,583 shares of the company’s stock, valued at $488,849.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Liberty Property Trust during the fourth quarter valued at $53,077,000. Principal Financial Group Inc. raised its position in shares of Liberty Property Trust by 122.8% in the third quarter. Principal Financial Group Inc. now owns 1,669,505 shares of the real estate investment trust’s stock valued at $67,364,000 after buying an additional 920,251 shares in the last quarter. Bank of Montreal Can raised its position in shares of Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock valued at $41,734,000 after buying an additional 869,239 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Liberty Property Trust by 1,026.7% in the second quarter. Macquarie Group Ltd. now owns 423,656 shares of the real estate investment trust’s stock valued at $16,828,000 after buying an additional 386,056 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Liberty Property Trust during the fourth quarter valued at about $13,281,000. Institutional investors own 97.52% of the company’s stock.

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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