News Spotlight: Liberty Property Trust (NYSE: LPT)

 Liberty Property Trust (NYSE: LPT) stock identified change of 25.67% away from 52-week low price and recently located move of -2.66% off 52-week high price. It has market worth of $7464.97M and dividend yield of 3.28%. LPT stock has been recorded 2.34% away from 50 day moving average and 8.87% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.85% off 20-day moving average.

Liberty Property Trust (NYSE: LPT)  announced that Shawn Neuman has been appointed Secretary and General Counsel, effective July 1, 2019. Mr. Neuman will succeed Herman Fala, who will remain with the company, serving as Senior Vice President – Senior Legal Advisor.

Currently Liberty’s senior vice president and deputy general counsel, Mr. Neuman joined the company in 2012 as associate real estate counsel. Prior to Liberty, he was a member of the Real Estate Practice Group at the law firm Cozen O’Connor, and was previously an associate in the law firms Wolf Block LLP and Schulte Roth & Zabel LLP. He is a graduate of the NYU School of Law.

We are thrilled to have someone of Shawn’s caliber step into the role of general counsel, said Bill Hankowsky, Liberty’s chairman and chief executive officer. During his seven years with Liberty he has proved to be both a highly-skilled attorney and a leader who contributes to Liberty’s operations with business insight and acumen. We thank Herman for over 30 years of guidance and leadership, and we are very pleased we will continue to benefit from his knowledge and wisdom in his ongoing role with Liberty. The Financial sector company, Liberty Property Trust noticed change of 0.26% to $50.04 along volume of 1318409 shares in recent session compared to an average volume of 756.31K. The stock observed return of -1.59% in 5 days trading activity. The stock was at 6.06% over one month performance. LPT’s shares are at 3.35% for the quarter and driving a 13.39% return over the course of the past year and is now at 19.48% since this point in 2018. 

 The average volatility for the week at 1.62% and for month was at 1.46%. There are 149.18M shares outstanding and 147.27M shares are floated in market. Right now the stock beta is 0.82. 

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