Liberty Property Trust (LPT) : Zacks Investment Research ranks Liberty Property Trust (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 (LPT) : The consensus price target for Liberty Property Trust (LPT) is $39.67 for the short term with a standard deviation of $1.53. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $38.
Also, Morgan Stanley assumes their rating on the shares of Liberty Property Trust (NYSE:LPT). The current rating of the shares is Equal-weight. Equity Analysts at the Firm announces the price target to $38 per share. The rating by the firm was issued on September 6, 2016.
Liberty Property Trust (NYSE:LPT): After opening at $39.09, the stock dipped to an intraday low of $38.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.37 and the buying power remained strong till the end. The stock closed at $39.37 for the day, a gain of 0.56% for the day session. The total traded volume was 556,004. The stocks close on the previous trading day was $39.15.
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.