Liberty Property Trust (LPT) was Upgraded by CapitalOne to ” Overweight”. Earlier the firm had a rating of “Equal Weight ” on the company shares. CapitalOne advised their investors in a research report released on Oct 4, 2016.
Many Wall Street Analysts have commented on Liberty Property Trust. Liberty Property Trust was Resumed by Morgan Stanley to “Equal-Weight” on Sep 6, 2016.
On the company’s financial health, Liberty Property Trust reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.64. The company had revenue of $186.70 million for the quarter, compared to analysts expectations of $189.45 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Liberty Property Trust closed down -0.22 points or -0.54% at $40.35 with 13,72,134 shares getting traded on Friday. Post opening the session at $40.78, the shares hit an intraday low of $40.29 and an intraday high of $40.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust. The Trust’s operations are conducted through its subsidiary Liberty Property Limited Partnership (Operating Partnership or the Company) a Pennsylvania limited partnership. The Company provides leasing property management development and other tenant-related services for the properties under development and the properties in operation. As of December 31 2014 the Company owned and operated 489 industrial and 180 office properties totaling 91.3 million square feet. As of December 31 2014 the Company owned 25 properties under development. Additionally as of December 31 2014 the Company had an ownership interest through unconsolidated joint ventures in 49 industrial and 34 office properties totaling 14.3 million square feet four properties under development and 460 acres of developable land substantially all of which is zoned for commercial use.