Capital One Financial Downgrades Liberty Property Trust to Equal-Weight

Brokerage firm Capital One Financial Downgrades its rating on Liberty Property Trust(LPT). The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Capital One Financial was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 13, 2016, Wells Fargo said it Upgrades its rating on Liberty Property Trust. The shares have been rated ‘Outperform’ by the firm.

Liberty Property Trust (LPT) shares turned negative on Wednesdays trading session with the shares closing down -0.28 points or -0.71% at a volume of 9,53,804. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.34. The peak price level was also seen at $39.34 while the days lowest was $38.83. Finally the shares closed at $38.95. The 52-week high of the shares is $42.255 while the 52-week low is $28.305. According to the latest information available, the market cap of the company is $5,725 M.

Liberty Property Trust(LPT) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $179.057M. Analysts had an estimated revenue of $185.860M. Earnings per share were $0.57.

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.

Add Comment