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TheStreet Wire

Liberty Property Reaches New 52-Week High (LRY)

By TheStreet Wire 04/17/12 - 12:36 PM EDT

Find out if (LRY) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Liberty Property (NYSE:LRY) hit a new 52-week high Tuesday as it is currently trading at $36.35, above its previous 52-week high of $36.28 with 178,551 shares traded as of 11:10 a.m. ET. Average volume has been 972,400 shares over the past 30 days.

Liberty Property has a market cap of $4.12 billion and is part of the financial sector and real estate industry. Shares are up 16.5% year to date as of the close of trading on Monday.

Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The company has a P/E ratio of 35.4, above the average real estate industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Liberty Property as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Liberty Property Ratings Report.

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