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

NEW YORK ( TheStreet) -- Liberty Property (NYSE: LRY) hit a new 52-week high Tuesday as it is currently trading at $36.96, above its previous 52-week high of $36.92 with 147,235 shares traded as of 10:35 a.m. ET. Average volume has been 957,100 shares over the past 30 days.

Liberty Property has a market cap of $4.23 billion and is part of the financial sector and real estate industry. Shares are up 18% 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 34.8, 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 impressive record of earnings per share growth, revenue growth, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. 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.

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