Liberty Property Trust (NYSE:LPT) : Traders are bullish on Liberty Property Trust (NYSE:LPT) as it has outperformed the S&P 500 by a wide margin of 1.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 3.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 19.93% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $40.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $38.26 and the 200 Day Moving Average price is recorded at $33.43.
The stock has recorded a 20-day Moving Average of 3.55% and the 50-Day Moving Average is 7.67%.
Liberty Property Trust (NYSE:LPT): stock turned positive on Friday. Though the stock opened at $39.64, the bulls momentum made the stock top out at $40.025 level for the day. The stock recorded a low of $39.58 and closed the trading day at $39.9, in the green by 1.58%. The total traded volume for the day was 1,002,652. The stock had closed at $39.28 in the previous days trading.
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.