Liberty Property Stock To Go Ex-dividend Tomorrow (LRY)
The ex-dividend date for Liberty Property (NYSE:LRY) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $35.44 as of 9:30 a.m., the dividend yield is 5.4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Liberty Property (NYSE: LRY) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $35.44 as of 9:30 a.m. ET, the dividend yield is 5.4%. The average volume for Liberty Property has been 968,600 shares per day over the past 30 days. Liberty Property has a market cap of $3.93 billion and is part of the financial sector and real estate industry. Shares are up 14.6% year to date as of the close of trading on Tuesday. 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, above the average real estate industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.7.
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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Liberty Property Ratings Report. See our dividend calendar or top-yielding stocks list.