Liberty Property Stock Hits New 52-Week High (LRY)

NEW YORK ( TheStreet) -- Liberty Property (NYSE: LRY) hit a new 52-week high Monday as it is currently trading at $36.16, above its previous 52-week high of $36.15 with 663,112 shares traded as of 2:40 p.m. ET. Average volume has been 968,600 shares 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 15.7% year to date as of the close of trading on Friday.

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 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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