Liberty Property Trust (LPT) has been under a strong bear grip, hence the stock is down -1.22% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.52% in the past 1 week. The stock has risen by 0.57% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.2% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 2.27%. Liberty Property Trust (NYSE:LPT): stock turned positive on Friday. Though the stock opened at $40.1, the bulls momentum made the stock top out at $40.77 level for the day. The stock recorded a low of $40.1 and closed the trading day at $40.26, in the green by 0.40%. The total traded volume for the day was 565,557. The stock had closed at $40.1 in the previous days trading.
The company Insiders own 1.4% of Liberty Property Trust shares according to the proxy statements. Institutional Investors own 97.11% of Liberty Property Trust shares. During last six month period, the net percent change held by insiders has seen a change of -3.5%. Also, Citigroup maintains their rating on the shares of Liberty Property Trust (NYSE:LPT). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $41 per share from $34 per share. The rating by the firm was issued on July 7, 2016.
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.