Liberty Prop Trust (NYSE:LPT) Has Been Upgraded Today by JP Morgan to a Neutral

June 15, 2018 - By Michael Collier

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Liberty Prop Trust (NYSE:LPT) Stock Upgrade

In an analyst note issued to clients and investors on Friday morning, JP Morgan upgraded shares of Liberty Prop Trust (NYSE:LPT) to a solid Neutral rating from their previous Underweight rating.

Liberty Property Trust (NYSE:LPT) Ratings Coverage

Among 4 analysts covering Liberty Property Trust (NYSE:LPT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Liberty Property Trust has $44.0 highest and $43 lowest target. $43.25’s average target is -2.87% below currents $44.53 stock price. Liberty Property Trust had 5 analyst reports since January 22, 2018 according to SRatingsIntel. The stock of Liberty Property Trust (NYSE:LPT) earned “Hold” rating by Sandler O’Neill on Wednesday, February 7. The firm earned “Equal-Weight” rating on Thursday, June 14 by Morgan Stanley. The rating was maintained by SunTrust on Friday, March 2 with “Buy”. The company was maintained on Tuesday, February 6 by Stifel Nicolaus. The stock of Liberty Property Trust (NYSE:LPT) earned “Buy” rating by SunTrust on Monday, January 22.

The stock increased 0.56% or $0.25 during the last trading session, reaching $44.53. About 295,104 shares traded. Liberty Property Trust (NYSE:LPT) has risen 3.74% since June 15, 2017 and is uptrending. It has underperformed by 8.83% the S&P500.

Analysts await Liberty Property Trust (NYSE:LPT) to report earnings on July, 24. They expect $0.65 EPS, 0.00 % or $0.00 from last year’s $0.65 per share. LPT’s profit will be $98.35M for 17.13 P/E if the $0.65 EPS becomes a reality. After $0.65 actual EPS reported by Liberty Property Trust for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Liberty Property Trust is a publicly owned real estate investment holding trust. The company has market cap of $6.74 billion. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. It has a 17.33 P/E ratio. The firm invests in industrial properties including various warehouse, distribution, service, assembly, light manufacturing, and research and development facilities.

More recent Liberty Property Trust (NYSE:LPT) news were published by: Bizjournals.com which released: “Grocers Supply distribution facility breaks ground in north Houston” on June 13, 2018. Also Globenewswire.com published the news titled: “Consolidated Research: 2018 Summary Expectations for Liberty Property Trust, Goldcorp, Restoration Hardware …” on June 13, 2018. Streetinsider.com‘s news article titled: “Liberty Property Trust (LPT) Declares $0.40 Quarterly Dividend; 3.6% Yield” with publication date: April 22, 2018 was also an interesting one.

Liberty Property Trust (NYSE:LPT) Institutional Positions Chart

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