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 - NEC
- Sub-Industry: Diversified REITs
- Symbol: NYSE:LPT
- CUSIP: 53117210
- Web: www.libertyproperty.com
Capitalization:- Market Cap: $6.11 billion
- Outstanding Shares: 147,212,000
Average Prices:- 50 Day Moving Avg: $41.56
- 200 Day Moving Avg: $40.17
- 52 Week Range: $36.22 - $42.80
P/E:- Trailing P/E Ratio: 17.814
- Foreward P/E Ratio: 31.44
- P/E Growth: 6.590
Sales & Book Value:- Annual Revenue: $731.93 million
- Price / Sales: 8.35
- Book Value: $20.35 per share
- Price / Book: 2.04
Dividend:- Annual Dividend: $1.60
- Dividend Yield: 3.9%
Profitability:- EBIDTA: $418.26 million
- Net Margins: 46.77%
- Return on Equity: 11.44%
- Return on Assets: 5.39%
Debt:- Debt-to-Equity Ratio: 0.87%
- Current Ratio: 1.94%
- Quick Ratio: 1.94%
Misc:- Average Volume: 713,416 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 declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.40 per share on Saturday, July 15th. This represents a $1.60 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, June 29th. View Liberty Property Trust's Dividend History.
How were Liberty Property Trust's earnings last quarter?
Liberty Property Trust (NYSE:LPT) announced its earnings results on Tuesday, April, 25th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.58 by $0.02. The company had revenue of $175.40 million for the quarter, compared to the consensus estimate of $177.25 million. Liberty Property Trust had a net margin of 46.77% and a return on equity of 11.44%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. View Liberty Property Trust's Earnings History.
What guidance has Liberty Property Trust issued on next quarter's earnings?
Liberty Property Trust issued an update on its FY17 earnings guidance on Tuesday, April, 25th. The company provided EPS guidance of $2.42-2.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.45.
Where is Liberty Property Trust's stock going? Where will Liberty Property Trust's stock price be in 2017?
8 brokerages have issued 12-month target prices for Liberty Property Trust's shares. Their predictions range from $38.00 to $46.00. On average, they expect Liberty Property Trust's share price to reach $41.60 in the next year. 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), British Land Company PLC (BLND), Douglas Emmett (DEI), EPR Properties (EPR), Biomed Realty Trust (BMR), Dupont Fabros Technology (DFT), Hammerson plc (HMSO), SEGRO plc (SGRO), STORE Capital Corporation (STOR), Cousins Properties Incorporated (CUZ), Intu Properties PLC (INTU), PS Business Parks (PSB), Empire State Realty Trust (ESRT) and Derwent London Plc (DLN).
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 institutional and retail investors. Top institutional shareholders include PGGM Investments (1.94%), Bank of Montreal Can (0.51%), Real Estate Management Services LLC (0.49%), Gateway Investment Advisers LLC (0.25%), Breton Hill Capital Ltd. (0.16%) and Dalton Greiner Hartman Maher & Co. (0.14%). 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 Bank of Montreal Can, Oregon Public Employees Retirement Fund, Meeder Asset Management Inc., Real Estate Management Services LLC, Clean Yield Group, Breton Hill Capital Ltd., Dalton Greiner Hartman Maher & Co. and Maple Capital Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Forsta AP Fonden, Cape Cod Five Cents Savings Bank, Mn Services Vermogensbeheer B.V., Xact Kapitalforvaltning AB, Fox Run Management L.L.C., Gilbert & Cook Inc. and Aperio Group LLC. 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?
One share of Liberty Property Trust stock can currently be purchased for approximately $41.50.
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.
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, 4 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.25) |
| Consensus Price Target: | $41.60 (0.24% upside) |
Analysts' Ratings History for Liberty Property Trust (NYSE:LPT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/6/2017 | 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 | |
(Data available from 7/24/2015 forward)
Earnings History for Liberty Property Trust (NYSE:LPT)Earnings History by Quarter for Liberty Property Trust (NYSE LPT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 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 | |
| 10/22/2013 | Q313 | $0.63 | $0.57 | $184.95 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 | |
| 10/23/2012 | | $0.63 | $0.64 | | | View | N/A | |
| 7/24/2012 | | $0.63 | $0.63 | | | View | N/A | |
| 4/24/2012 | | $0.62 | $0.68 | | | View | N/A | |
| 2/7/2012 | | $0.63 | $0.63 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Liberty Property Trust (NYSE:LPT)2017 EPS Consensus Estimate: $2.46
2018 EPS Consensus Estimate: $2.59
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $0.56 | $0.61 | $0.59 |
| Q2 2017 | 4 | $0.60 | $0.65 | $0.62 |
| Q3 2017 | 4 | $0.62 | $0.66 | $0.64 |
| Q4 2017 | 4 | $0.56 | $0.66 | $0.62 |
| Q1 2018 | 2 | $0.61 | $0.62 | $0.62 |
| Q2 2018 | 2 | $0.64 | $0.66 | $0.65 |
| Q3 2018 | 2 | $0.66 | $0.67 | $0.67 |
| Q4 2018 | 2 | $0.65 | $0.66 | $0.66 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Liberty Property Trust (NYSE:LPT)| Most Recent Dividend: | 7/15/2017 |
| Annual Dividend: | $1.60 |
| Dividend Yield: | 3.86% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 68.67% (Trailing 12 Months of Earnings)
126.98% (Based on This Year's Estimates)
121.21% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Liberty Property Trust (NYSE LPT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/25/2017 | quarterly | $0.40 | 3.86% | 6/29/2017 | 7/3/2017 | 7/15/2017 |
| 2/21/2017 | quarterly | $0.40 | 4.08% | 3/29/2017 | 3/31/2017 | 4/15/2017 |
| 12/9/2016 | quarterly | $0.48 | 4.69% | 12/29/2016 | 1/3/2017 | 1/16/2017 |
| 9/16/2016 | quarterly | $0.48 | 4.88% | 9/29/2016 | 10/3/2016 | 10/17/2016 |
| 6/16/2016 | quarterly | $0.48 | 4.95% | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 3/16/2016 | quarterly | $0.48 | 5.93% | 3/30/2016 | 4/1/2016 | 4/15/2016 |
| 12/15/2015 | quarterly | $0.48 | 5.97% | 12/30/2015 | 1/4/2016 | 1/15/2016 |
| 9/14/2015 | quarterly | $0.48 | 6.16% | 9/29/2015 | 10/1/2015 | 10/15/2015 |
| 6/15/2015 | quarterly | $0.48 | 5.7% | 6/29/2015 | 7/1/2015 | 7/15/2015 |
| 3/13/2015 | quarterly | $0.48 | 5.5% | 3/30/2015 | 4/1/2015 | 4/15/2015 |
| 12/15/2014 | quarterly | $0.48 | 5.32% | 12/30/2014 | 1/2/2015 | 1/15/2015 |
| 9/15/2014 | quarterly | $0.48 | 5.36% | 9/29/2014 | 10/1/2014 | 10/15/2014 |
| 6/13/2014 | quarterly | $0.48 | 5.06% | 6/27/2014 | 7/1/2014 | 7/15/2014 |
| 3/13/2014 | quarterly | $0.48 | 5.18% | 3/28/2014 | 4/1/2014 | 4/15/2014 |
| 12/13/2013 | quarterly | $0.48 | 5.76% | 12/30/2013 | 1/2/2014 | 1/15/2014 |
| 9/16/2013 | quarterly | $0.48 | 5.09% | 9/27/2013 | 10/1/2013 | 10/15/2013 |
| 6/14/2013 | quarterly | $0.48 | 5% | 6/27/2013 | 7/1/2013 | 7/15/2013 |
| 3/13/2013 | quarterly | $0.48 | 4.77% | 3/27/2013 | 4/1/2013 | 4/15/2013 |
| 12/14/2012 | quarterly | $0.48 | 5.45% | 12/28/2012 | 1/2/2013 | 1/15/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Liberty Property Trust (NYSE:LPT)Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 91.31%
Insider Trades by Quarter for Liberty Property Trust (NYSE:LPT)| 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 | |
(Data available from 1/1/2013 forward)
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 Monday, July, 24, 2017
