Analyst Rating Update on Liberty Property Trust (LPT)

Liberty Property Trust (NYSE:LPT) : Zacks Investment Research ranks Liberty Property Trust (NYSE:LPT) as 3, which is a Hold recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3, which indicates as a Hold.

Liberty Property Trust (NYSE:LPT) : 2 Wall Street analysts covering Liberty Property Trust (NYSE:LPT) believe that the average level the stock could reach for the short term is $37. The maximum price target given is $39 and the minimum target for short term is around $35, hence the standard deviation is calculated at $2.83.

Company shares have received an average consensus rating of Hold for the current week Also, Stifel Nicolaus upgrades their rating on the shares of Liberty Property Trust (NYSE:LPT). The current rating of the shares is Hold. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on April 27, 2016.

Liberty Property Trust (NYSE:LPT): stock turned positive on Tuesday. Though the stock opened at $38.22, the bulls momentum made the stock top out at $38.37 level for the day. The stock recorded a low of $37.76 and closed the trading day at $38.37, in the green by 1.53%. The total traded volume for the day was 1,444,506. The stock had closed at $37.79 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.

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