Liberty Property Trust (NYSE:LPT)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $41.31 and last traded at $41.01, with a volume of 217,536 shares changing hands. The stock had previously closed at $40.87.

Several brokerages have recently commented on LPT. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Monday, June 20th. BMO Capital Markets reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Thursday, April 28th. Stifel Nicolaus upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, TheStreet upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, April 6th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus price target of $36.50.

The stock has a 50-day moving average of $39.27 and a 200-day moving average of $34.05. The company has a market cap of $6.01 billion and a price-to-earnings ratio of 23.00.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $190.14 million for the quarter, compared to the consensus estimate of $195.65 million. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities research analysts predict that Liberty Property Trust will post $2.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, June 29th.

Other hedge funds recently added to or reduced their stakes in the company. KBC Group NV raised its stake in Liberty Property Trust by 0.6% in the fourth quarter. KBC Group NV now owns 34,311 shares of the real estate investment trust’s stock valued at $1,065,000 after buying an additional 211 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Liberty Property Trust by 3.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 38,645 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 1,146 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of Liberty Property Trust by 6.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 48,539 shares of the real estate investment trust’s stock valued at $1,507,000 after buying an additional 3,000 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Liberty Property Trust by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 682,516 shares of the real estate investment trust’s stock valued at $21,192,000 after buying an additional 4,570 shares during the last quarter. Finally, Andra AP fonden increased its position in shares of Liberty Property Trust by 6.8% in the fourth quarter. Andra AP fonden now owns 89,200 shares of the real estate investment trust’s stock valued at $2,770,000 after buying an additional 5,700 shares during the last quarter.

Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.