About Liberty Property Trust (NYSE:LPT)
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). The Company's segments include Carolinas/Richmond; Chicago/Milwaukee; Florida; Houston; Lehigh/Central PA; Minnesota; Philadelphia; Southeastern PA; United Kingdom, and Other, which includes Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; Southern California, and other. The Company owns and operates industrial properties nationally and owns and operates office properties in a focused group of office markets. Additionally, the Company owns certain assets in the United Kingdom. As of December 31, 2016, the Company owned and operated 450 industrial and 55 office properties totaling 86.0 million square feet.
Industry, Sector and Symbol:
- Industry: Commercial REITs
- Sub-Industry: Diversified REITs
- Sector: Commercial REITs - NEC
- Symbol: NYSE:LPT
- Previous Symbol: NYSE:LRY
- CUSIP: 53117210
- Web: www.libertyproperty.com
- Debt-to-Equity Ratio: 0.93%
- Current Ratio: 1.78%
- Quick Ratio: 1.78%
Sales & Book Value:
- Trailing P/E Ratio: 19.35
- Forward P/E Ratio: 17.40
- P/E Growth: 2.93
- Annual Sales: $746.71 million
- Price / Sales: 8.76
- Cash Flow: $3.82 per share
- Price / Cash: 11.61
- Book Value: $20.84 per share
- Price / Book: 2.13
- Annual Dividend: $1.60
- Dividend Yield: 3.6%
- Trailing EPS: $2.37
- Net Income: $356.81 million
- Net Margins: 47.78%
- Return on Equity: 11.41%
- Return on Assets: 5.69%
- Employees: 301
- Outstanding Shares: 147,420,000
Frequently Asked Questions for Liberty Property Trust (NYSE:LPT)
What is Liberty Property Trust's stock symbol?
Liberty Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPT."
How often does Liberty Property Trust pay dividends? What is the dividend yield for Liberty Property Trust?
Liberty Property Trust announced a quarterly dividend on Friday, September 8th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.40 per share on Sunday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, September 29th. View Liberty Property Trust's Dividend History.
How will Liberty Property Trust's stock buyback program work?
Liberty Property Trust announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 4th 2017, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
How were Liberty Property Trust's earnings last quarter?
Liberty Property Trust (NYSE:LPT) posted its quarterly earnings data on Tuesday, October, 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.63 by $0.23. The real estate investment trust had revenue of $193.65 million for the quarter, compared to analysts' expectations of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. View Liberty Property Trust's Earnings History.
When will Liberty Property Trust make its next earnings announcement?
What guidance has Liberty Property Trust issued on next quarter's earnings?
Liberty Property Trust updated its FY17 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (EPS) guidance of $2.54-2.57 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.52.
Where is Liberty Property Trust's stock going? Where will Liberty Property Trust's stock price be in 2017?
7 brokerages have issued 1-year price objectives for Liberty Property Trust's shares. Their forecasts range from $40.00 to $46.00. On average, they anticipate Liberty Property Trust's stock price to reach $43.40 in the next twelve months. View Analyst Ratings for Liberty Property Trust.
Who are some of Liberty Property Trust's key competitors?
Some companies that are related to Liberty Property Trust include Alexandria Real Estate Equities (ARE), Federal Realty Investment Trust (FRT), VEREIT (VER), Kilroy Realty Corporation (KRC), Douglas Emmett (DEI), Land Securities Group plc (LAND), British Land Company PLC (BLND), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), EPR Properties (EPR), STORE Capital Corporation (STOR), Equity One (EQY), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN) and NRF Holdco LLC (NRF).
Who are Liberty Property Trust's key executives?
Liberty Property Trust's management team includes the folowing people:
- William P. Hankowsky, Chairman of the Board of Trustees, President, Chief Executive Officer (Age 66)
- Christopher J. Papa, Chief Financial Officer, Executive Vice President (Age 51)
- Michael T. Hagan, Executive Vice President, Chief Investment Officer (Age 59)
- Herman C. Fala, General Counsel, Secretary (Age 67)
- Antonio F. Fernandez, Director (Age 57)
- Frederick F. Buchholz, Independent Trustee (Age 71)
- Thomas C. DeLoach Jr., Independent Trustee (Age 69)
- Katherine Elizabeth Dietze, Independent Trustee (Age 59)
- Daniel P. Garton, Independent Trustee (Age 59)
Who owns Liberty Property Trust stock?
Liberty Property Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (2.25%), PGGM Investments (2.03%), Dimensional Fund Advisors LP (1.46%), Bank of New York Mellon Corp (1.46%), Principal Financial Group Inc. (1.12%) and Schwab Charles Investment Management Inc. (1.01%). View Institutional Ownership Trends for Liberty Property Trust.
Who sold Liberty Property Trust stock? Who is selling Liberty Property Trust stock?
Liberty Property Trust's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Principal Financial Group Inc., Candriam Luxembourg S.C.A., Eii Capital Management Inc., Sumitomo Mitsui Asset Management Company LTD, Robeco Institutional Asset Management B.V., Citadel Advisors LLC and Great West Life Assurance Co. Can. View Insider Buying and Selling for Liberty Property Trust.
Who bought Liberty Property Trust stock? Who is buying Liberty Property Trust stock?
Liberty Property Trust's stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Systematic Financial Management LP, Canada Pension Plan Investment Board, Prudential Financial Inc., Virginia Retirement Systems ET AL, PGGM Investments, Wells Fargo & Company MN and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Liberty Property Trust.
How do I buy Liberty Property Trust stock?
Shares of Liberty Property Trust can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Liberty Property Trust's stock price today?
One share of Liberty Property Trust stock can currently be purchased for approximately $44.36.
How big of a company is Liberty Property Trust?
Liberty Property Trust has a market capitalization of $6.5 billion and generates $746.71 million in revenue each year. The real estate investment trust earns $356.81 million in net income (profit) each year or $2.37 on an earnings per share basis. Liberty Property Trust employs 301 workers across the globe.
How can I contact Liberty Property Trust?
Liberty Property Trust's mailing address is 500 Chesterfield Pkwy, MALVERN, PA 19355-8707, United States. The real estate investment trust can be reached via phone at +1-610-6481700 or via email at email@example.com.
MarketBeat Community Rating for Liberty Property Trust (NYSE LPT)MarketBeat's community ratings are surveys of what our community members think about Liberty Property Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Liberty Property Trust (NYSE:LPT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 4 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$43.40 (2.16% downside)|
Consensus Price Target History for Liberty Property Trust (NYSE:LPT)
Analysts' Ratings History for Liberty Property Trust (NYSE:LPT)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/25/2017||Sandler O'Neill||Upgrade||Sell -> Hold||$45.00||N/A|
|10/25/2017||Stifel Nicolaus||Boost Price Target||Buy -> Buy||$44.00 -> $46.00||N/A|
|3/30/2017||Mitsubishi UFJ Financial Group||Reiterated Rating||Overweight||Low|
|3/22/2017||BMO Capital Markets||Reiterated Rating||Hold||$40.00||Low|
|2/13/2017||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||$40.00||N/A|
|12/15/2016||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||N/A|
|9/6/2016||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$38.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|7/7/2016||Citigroup Inc.||Boost Price Target||Neutral||$34.00 -> $41.00||N/A|
|2/11/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Market Perform||N/A|
|1/12/2016||Cowen and Company||Downgrade||Outperform -> Market Perform||$36.00 -> $33.00||N/A|
|1/7/2016||SunTrust Banks, Inc.||Lower Price Target||$40.00 -> $35.00||N/A|
|12/14/2015||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$32.00||N/A|
Earnings History and Estimates Chart for Liberty Property Trust (NYSE:LPT)
Earnings History by Quarter for Liberty Property Trust (NYSE LPT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/24/2017||Q3 2017||$0.63||$0.40||$174.65 million||$193.65 million||View||N/A|
|7/25/2017||Q2 2017||$0.62||$0.65||$175.60 million||$183.13 million||View||N/A|
|4/25/2017||Q1 2017||$0.58||$0.60||$177.25 million||$175.40 million||View||N/A|
|2/7/2017||Q416||$0.41||$0.41||$181.74 million||$179.10 million||View||Listen|
|10/25/2016||Q316||$0.66||$0.66||$188.30 million||$190.86 million||View||Listen|
|7/26/2016||Q216||$0.64||$0.68||$191.42 million||$186.65 million||View||Listen|
|4/26/2016||Q116||$0.61||$0.62||$195.65 million||$190.14 million||View||Listen|
|2/9/2016||Q415||$0.64||$0.65||$197.60 million||$199.40 million||View||Listen|
|10/27/2015||Q315||$0.65||$0.67||$201.11 million||$198.97 million||View||Listen|
|7/28/2015||Q215||$0.65||$0.67||$202.10 million||$203.50 million||View||Listen|
|4/21/2015||Q115||$0.62||$0.70||$203.70 million||$206.90 million||View||Listen|
|2/3/2015||Q414||$0.65||$0.67||$201.92 million||$203.69 million||View||Listen|
|10/21/2014||Q314||$0.62||$0.64||$201.10 million||$198.40 million||View||Listen|
|7/22/2014||Q214||$0.61||$0.59||$200.15 million||$193.00 million||View||Listen|
|4/22/2014||Q114||$0.59||$0.58||$198.00 million||$197.60 million||View||Listen|
|2/4/2014||Q413||$0.63||$0.63||$202.85 million||$192.43 million||View||Listen|
|7/23/2013||Q213||$0.66||$0.66||$175.13 million||$178.10 million||View||Listen|
|4/23/2013||Q113||$0.63||$0.65||$175.93 million||$176.60 million||View||Listen|
|2/5/2013||$0.63||$0.63||$174.37 million||$176.20 million||View||Listen|
Earnings Estimates for Liberty Property Trust (NYSE:LPT)
2017 EPS Consensus Estimate: $2.45
2018 EPS Consensus Estimate: $2.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Liberty Property Trust (NYSE:LPT)
|Most Recent Dividend:||10/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||67.51% (Trailing 12 Months of Earnings) |
62.75% (Based on This Year's Estimates)
61.07% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Liberty Property Trust (NYSE LPT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Liberty Property Trust (NYSE LPT)
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 91.39%
Insider Trades by Quarter for Liberty Property Trust (NYSE LPT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/27/2017||Fredric J Tomczyk||Director||Buy||5,000||$38.85||$194,250.00|| |
|7/29/2014||William P Hankowsky||CEO||Sell||7,000||$36.31||$254,170.00|| |
|2/18/2014||Robert Fenza||COO||Sell||10,000||$36.30||$363,000.00|| |
|2/11/2014||William Hankowsky||CEO||Sell||7,000||$35.54||$248,780.00|| |
|12/4/2013||Michael Hagan||CIO||Sell||9,600||$33.17||$318,432.00|| |
|10/31/2013||William P Hankowsky||CEO||Sell||3,000||$37.15||$111,450.00|| |
|5/15/2013||Thomas C Deloach Jr||Director||Sell||10,000||$44.16||$441,600.00|| |
|10/3/2012||Michael T Hagan||CIO||Sell||10,500||$37.00||$388,500.00|| |
Latest Headlines for Liberty Property Trust (NYSE LPT)
Liberty Property Trust (NYSE LPT) Chart for Sunday, November, 19, 2017