News Spotlight: Liberty Property Trust (NYSE: LPT)

Liberty Property Trust (NYSE: LPT) stock observed trading -0.99% off 52-week high price. On the other end, the stock has been noted 27.83% away from low price over the last 52-weeks. The stock disclosed a move of 3.93% away from 50 day moving average and 10.58% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.08% off 20-day moving average. It has market cap of $7527.6M and dividend yield of 3.22%.

Liberty Property Trust (NYSE: LPT) reported that it has sold 800 Walnut Street in Philadelphia, Pennsylvania, for $99.25 million. Liberty developed the 12-story, 153,242 square foot medical office building in 2013 for an investment of $48.5 million. The property was purchased by University of Pennsylvania Health System.

The Company used a portion of the sales proceeds at closing to repay $35.9 million of mortgage debt encumbering the property and, consequently, will realize a loss on early extinguishment of debt of $7.6 million, or $0.05 per diluted share, in the second quarter of 2019.  This debt extinguishment charge was not included in the Company’s previously announced earnings guidance for 2019.  The secured loan carried an interest rate of 4.84% and was scheduled to mature in 2033.

About the Company

Liberty Property Trust (NYSE: LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty’s 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

The USA based company Liberty Property Trust moved with change of 1.64% to $50.9 with the total traded volume of 796694 shares in recent session versus to an average volume of 759.73K. The stock was observed in the 5 days activity at 1.92%. The one month performance of stock was 6.60%. LPT’s shares are at 3.54% for the quarter and driving a 14.82% return over the course of the past year and is now at 21.54% since this point in 2018.  Right now the stock beta is 0.8. The average volatility for the week and month was at 1.83% and 1.50% respectively. There are 147.89M shares outstanding and 147.27M shares are floated in market.


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