Liberty Property Stock To Go Ex-dividend Tomorrow (LRY)

NEW YORK ( TheStreet) -- The ex-dividend date for Liberty Property (NYSE: LRY) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 48 cents per share. At a price of $35.54 as of 9:30 a.m. ET, the dividend yield is 5.3%.

The average volume for Liberty Property has been 794,500 shares per day over the past 30 days. Liberty Property has a market cap of $4.19 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 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 33.1, above the average real estate industry P/E ratio of 21.4 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, impressive record of earnings per share growth, revenue growth, reasonable valuation levels and good cash flow from operations. 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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