Liberty Property Trust (LPT) : During the past 4 weeks, traders have been relatively bearish on Liberty Property Trust (LPT), hence the stock is down -2.33% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.22% relative to the S&P 500. The 4-week change in the price of the stock is -1.95% and the stock has fallen -0.25% in the past 1 week.
Liberty Property Trust is up 13.3% in the last 3-month period. Year-to-Date the stock performance stands at 32.9%. The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 1.28%.
Liberty Property Trust (NYSE:LPT): The stock opened at $40.34 on Friday but the bulls could not build on the opening and the stock topped out at $40.34 for the day. The stock traded down to $39.78 during the day, due to lack of any buying support eventually closed down at $40.16 with a loss of -0.45% for the day. The stock had closed at $40.34 on the previous day. The total traded volume was 728,433 shares.
Also, Brokerage firm Citigroup maintains its rating on Liberty Property Trust (NYSE:LPT). As per the latest information, the brokerage house raises the price target to $41 per share from a prior target of $34. The shares have been rated Neutral. 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.