Liberty Property Trust (LPT) Receives News Sentiment Rating of 0.17
Media headlines about Liberty Property Trust (NYSE:LPT) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Liberty Property Trust earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7791744436586 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Liberty Property Trust (LPT) to Issue $0.40 Quarterly Dividend (americanbankingnews.com)
- Brokers Issue Forecasts for Liberty Property Trust’s FY2017 Earnings (LPT) (americanbankingnews.com)
- KeyCorp Weighs in on Liberty Property Trust’s FY2018 Earnings (LPT) (americanbankingnews.com)
- Liberty Property Trust breached its 50 day moving average in a Bearish Manner : LPT-US : December 20, 2017 (finance.yahoo.com)
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a research report on Friday, December 15th. Morgan Stanley raised their target price on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, December 15th. Stifel Nicolaus raised their target price on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.75.
Liberty Property Trust (LPT) traded up $0.17 during midday trading on Tuesday, hitting $43.10. The stock had a trading volume of 286,811 shares, compared to its average volume of 738,031. The stock has a market capitalization of $6,328.65, a P/E ratio of 18.19, a PEG ratio of 2.80 and a beta of 0.88. Liberty Property Trust has a 1-year low of $37.21 and a 1-year high of $45.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.78 and a current ratio of 1.78.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The company had revenue of $193.65 million for the quarter, compared to analysts’ expectations of $174.65 million. During the same quarter in the previous year, the business posted $0.66 EPS. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. research analysts forecast that Liberty Property Trust will post 2.55 EPS for the current fiscal year.
Liberty Property Trust declared that its Board of Directors has approved a share buyback program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. Liberty Property Trust’s payout ratio is 67.51%.
In related news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% 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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