Liberty Property Trust (NYSE:LRY) was upgraded by stock analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on LRY. Analysts at Zacks downgraded shares of Liberty Property Trust from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 28th. They now have a $30.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Liberty Property Trust in a research note to investors on Wednesday, November 20th. They now have a $36.00 price target on the stock, down previously from $40.00. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.25.
Shares of Liberty Property Trust (NYSE:LRY) opened at 32.57 on Tuesday. Liberty Property Trust has a one year low of $31.96 and a one year high of $45.02. The stock’s 50-day moving average is $35.50 and its 200-day moving average is $36.89. The company has a market cap of $4.774 billion and a P/E ratio of 23.35.
Liberty Property Trust (NYSE:LRY) last announced its earnings results on Tuesday, October 22nd. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.06. During the same quarter last year, the company posted $0.64 earnings per share. Analysts expect that Liberty Property Trust will post $2.51 EPS for the current fiscal year.
Liberty Property Trust (NYSE:LRY) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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