Liberty Property Trust (LPT) Expected to Post Quarterly Sales of $166.23 Million
Analysts expect Liberty Property Trust (NYSE:LPT) to announce sales of $166.23 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Liberty Property Trust’s earnings. The lowest sales estimate is $158.01 million and the highest is $177.00 million. Liberty Property Trust reported sales of $176.60 million during the same quarter last year, which indicates a negative year over year growth rate of 5.9%. The company is scheduled to report its next earnings report on Tuesday, July 23rd.
According to Zacks, analysts expect that Liberty Property Trust will report full-year sales of $669.90 million for the current fiscal year, with estimates ranging from $637.33 million to $708.70 million. For the next fiscal year, analysts anticipate that the business will post sales of $686.80 million, with estimates ranging from $663.81 million to $733.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. The company had revenue of $156.89 million during the quarter, compared to analysts’ expectations of $126.10 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Liberty Property Trust’s revenue was up 7.2% on a year-over-year basis.
In other Liberty Property Trust news, CIO Michael T. Hagan sold 27,626 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $47.22, for a total value of $1,304,499.72. Following the completion of the transaction, the executive now owns 194,052 shares of the company’s stock, valued at approximately $9,163,135.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Mary Beth Morrissey sold 5,870 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $49.97, for a total value of $293,323.90. Following the completion of the transaction, the chief accounting officer now directly owns 57,621 shares of the company’s stock, valued at approximately $2,879,321.37. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. ERTS Wealth Advisors LLC acquired a new position in Liberty Property Trust in the 4th quarter worth about $33,000. Zions Bancorporation N.A. acquired a new position in Liberty Property Trust in the 1st quarter worth about $36,000. Rockefeller Capital Management L.P. acquired a new position in Liberty Property Trust in the 1st quarter worth about $39,000. Quadrant Capital Group LLC increased its holdings in Liberty Property Trust by 74.1% in the 1st quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 400 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Liberty Property Trust in the 4th quarter worth about $41,000. 94.03% of the stock is owned by institutional investors and hedge funds.
Shares of Liberty Property Trust stock traded down $0.42 during trading on Wednesday, reaching $47.68. 1,108,704 shares of the company’s stock were exchanged, compared to its average volume of 827,872. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.68 and a current ratio of 2.77. Liberty Property Trust has a 1-year low of $39.82 and a 1-year high of $50.48. The stock has a market capitalization of $7.13 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 3.11 and a beta of 0.77.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a dividend of $0.41 per share. The ex-dividend date was Friday, March 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Liberty Property Trust’s previous quarterly dividend of $0.40. Liberty Property Trust’s payout ratio is 74.55%.
About Liberty Property Trust
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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