NEW YORK (

TheStreet

) --

Liberty Property

(NYSE:

LRY

) hit a new 52-week high Friday as it is currently trading at $35.60, above its previous 52-week high of $35.56 with 10,802 shares traded as of 9:36 a.m. ET. Average volume has been 872,100 shares over the past 30 days.

Liberty Property has a market cap of $4 billion and is part of the

financial

sector and

real estate

industry. Shares are up 11% year to date as of the close of trading on Thursday.

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 33, above the average real estate industry P/E ratio of 31.8 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 revenue growth, reasonable valuation levels, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Liberty Property Ratings Report

.

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