Liberty Property Trust (NYSE:LPT) has climbed 0.57% in the past week and advanced 8.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.78% and the outperformance has advanced to 7.18% for the last 4 weeks period.
Liberty Property Trust (NYSE:LPT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.22 and $38.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.82, notching a gain of 1.04% for the day. The total traded volume was 1,745,918 . The stock had closed at $38.42 on the previous day.
The company shares have rallied 13.05% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $38.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $36.94 and the 200 Day Moving Average price is recorded at $32.75.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Stifel Nicolaus upgrades the rating on Liberty Property Trust (NYSE:LPT). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Sell. The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 1.4% of Liberty Property Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.5% . Institutional Investors own 97.96% of Liberty Property Trust shares. During last six month period, the net percent change held by insiders has seen a change of -3.5%.
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust. The Trusts 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.