Liberty Property Trust(NYSE:LPT) Declares Dividend of $0.4750.

Liberty Property Trust (NYSE:LPT) had declared a cash dividend of $0.4750 on Jun 15, 2016. The shares will quote ex-dividend on Jun 29, 2016 and the record date has been fixed for Jul 1, 2016. On Jun 15, 2016 share price, the yield comes out to be 4.9751%. The dividend payable date has been fixed on Jul 15, 2016.

In a different note, On Apr 27, 2016, Stifel Nicolaus said it Upgrades its rating on Liberty Property Trust. The shares have been rated ‘Hold’ by the firm.

Liberty Property Trust (LPT) made into the market gainers list on Tuesdays trading session with the shares advancing 0.54% or 0.21 points. Due to strong positive momentum, the stock ended at $39.17, which is also near the day’s high of $39.39. The stock began the session at $38.94 and the volume stood at 6,13,501 shares. The 52-week high of the shares is $39.39 and the 52 week low is $26.94. The company has a current market capitalization of $5,743 M and it has 14,66,25,090 shares in outstanding.

Liberty Property Trust(LPT) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $190.14M. Analysts had an estimated revenue of $195.29M. Earnings per share were $0.62. Analysts had estimated an EPS of $0.62.

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.

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