Liberty Property Trust (NYSE:LPT) shares are expected to touch $33 in the short term. This short term price target has been shared by 2 analysts. However, the standard deviation of short term price estimate has been valued at 2.83. The target price could hit $35 on the higher end and $31 on the lower end.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Stifel Nicolaus, upgrades their rating on the shares of Liberty Property Trust (NYSE:LPT). Stifel Nicolaus has a Hold rating on the shares. Previously, the analysts had a Sell rating on the shares. The rating by the firm was issued on April 27, 2016. Company shares have received an average consensus rating of Hold for the current week
Liberty Property Trust (NYSE:LPT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.06 points or 0.16% at $38.54 with 855,187 shares getting traded. Post opening the session at $38.6, the shares hit an intraday low of $38.505 and an intraday high of $38.93 and the price was in this range throughout the day. The company has a market cap of $5,651 million and the number of outstanding shares have been calculated to be 146,625,090 shares. The 52-week high of Liberty Property Trust (NYSE:LPT) is $38.93 and the 52-week low is $26.94.
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.