Liberty Property Trust (NYSE:LPT) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $41.50 and last traded at $41.32, with a volume of 552,029 shares trading hands. The stock had previously closed at $40.19.

A number of research firms recently issued reports on LPT. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 target price 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 shares of 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. boosted their target price on shares of 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 shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, April 6th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $36.50.

The firm has a market capitalization of $6.04 billion and a PE ratio of 21.95. The firm has a 50-day moving average price of $39.54 and a 200 day moving average price of $34.30.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The company earned $186.65 million during the quarter, compared to analysts’ expectations of $191.42 million. During the same period in the prior year, the firm earned $0.67 EPS. Liberty Property Trust’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts expect that Liberty Property Trust will post $2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Wednesday, June 29th.

Several institutional investors recently bought and sold shares of LPT. PNC Financial Services Group Inc. raised its position in Liberty Property Trust by 421.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,547 shares of the real estate investment trust’s stock valued at $1,755,000 after buying an additional 45,704 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Liberty Property Trust by 26.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 112,292 shares of the real estate investment trust’s stock valued at $3,487,000 after buying an additional 23,445 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised 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 worth $1,200,000 after buying an additional 1,146 shares during the period. Andra AP fonden raised 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 worth $2,770,000 after buying an additional 5,700 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Liberty Property Trust by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 21,318,656 shares of the real estate investment trust’s stock worth $661,945,000 after buying an additional 515,645 shares during the period.

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.

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