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:
- Sector: Finance
- Industry: Commercial REITs
- Sub-Industry: Diversified REITs
- Symbol: NYSE:LPT
- CUSIP: 53117210
- Web: www.libertyproperty.com
- Market Cap: $6.09893 billion
- Outstanding Shares: 147,317,000
- 50 Day Moving Avg: $42.00
- 200 Day Moving Avg: $41.52
- 52 Week Range: $36.22 - $43.70
Sales & Book Value:
- Trailing P/E Ratio: 17.77
- Foreward P/E Ratio: 15.86
- P/E Growth: 6.72
- Annual Revenue: $728.41 million
- Price / Sales: 8.40
- Book Value: $20.38 per share
- Price / Book: 2.04
- Annual Dividend: $1.60
- Dividend Yield: 3.9%
- EBITDA: $406.11 million
- Net Margins: 47.24%
- Return on Equity: 11.37%
- Return on Assets: 5.51%
- Debt-to-Equity Ratio: 0.89%
- Current Ratio: 2.15%
- Quick Ratio: 2.15%
- Average Volume: 656,055 shs.
- Beta: 0.88
- Short Ratio: 2.34
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. Investors 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 yield of 3.85%. 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 declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 4th 2017, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Liberty Property Trust's earnings last quarter?
Liberty Property Trust (NYSE:LPT) announced its earnings results on Tuesday, July, 26th. The company reported $0.68 EPS for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to analysts' expectations of $191.42 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. Liberty Property Trust's revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS. View Liberty Property Trust's Earnings History.
When will Liberty Property Trust make its next earnings announcement?
Where is Liberty Property Trust's stock going? Where will Liberty Property Trust's stock price be in 2017?
7 analysts have issued 1-year price objectives for Liberty Property Trust's shares. Their predictions range from $40.00 to $46.00. On average, they expect Liberty Property Trust's share price to reach $42.50 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), Land Securities Group plc (LAND), Kilroy Realty Corporation (KRC), Douglas Emmett (DEI), British Land Company PLC (BLND), EPR Properties (EPR), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), Biomed Realty Trust (BMR), STORE Capital Corporation (STOR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN) and Intu Properties PLC (INTU).
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
- Christopher J. Papa, Chief Financial Officer, Executive Vice President
- Michael T. Hagan, Executive Vice President, Chief Investment Officer
- Herman C. Fala, General Counsel, Secretary
- Antonio F. Fernandez, Director
- Frederick F. Buchholz, Independent Trustee
- Thomas C. DeLoach Jr., Independent Trustee
- Katherine Elizabeth Dietze, Independent Trustee
- Daniel P. Garton, Independent Trustee
Who owns Liberty Property Trust stock?
Liberty Property Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (2.03%), Robeco Institutional Asset Management B.V. (0.63%), Nationwide Fund Advisors (0.17%), Strs Ohio (0.13%), APG Asset Management N.V. (0.06%) and Fisher Asset Management LLC (0.06%). 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 Robeco Institutional Asset Management B.V., Shell Asset Management Co., Cordasco Financial Network, Nationwide Fund Advisors, State Treasurer State of Michigan and Strs Ohio. 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 PGGM Investments, APG Asset Management N.V., Harrington Investments INC, Fox Run Management L.L.C., Meeder Asset Management Inc., Fisher Asset Management LLC and Eqis Capital 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Liberty Property Trust's stock price today?
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.
One share of Liberty Property Trust stock can currently be purchased for approximately $41.55.
Consensus Ratings for Liberty Property Trust (NYSE:LPT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||1 Sell Rating, 3 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$42.50 (2.29% upside)|Consensus Price Target History for Liberty Property Trust (NYSE:LPT)
Analysts' Ratings History for Liberty Property Trust (NYSE:LPT)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/21/2017||Stifel Nicolaus||Reiterated Rating||Buy||$44.00||Low|
|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|
|12/14/2016||Sandler O'Neill||Downgrade||Hold -> Sell||N/A|
|12/13/2016||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 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|
|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:||68.38% (Trailing 12 Months of Earnings) |
63.49% (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%Insider Trades by Quarter for Liberty Property Trust (NYSE:LPT)
Institutional Ownership Percentage: 91.46%
(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|| |
|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|| |
Headline Trends for Liberty Property Trust (NYSE:LPT)
Latest Headlines for Liberty Property Trust (NYSE:LPT)
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Liberty Property Trust (LPT) Chart for Tuesday, October, 24, 2017