Liberty Property Trust was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $50.26 to $51.42 in the past one-month time frame.
The move came after the news that Prologis has agreed to acquire the company in an all-stock transaction, valued at about $12.6 billion.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Liberty Property currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the REIT and Equity Trust - Other industry may consider a better-ranked stock like Columbia Property Trust, Inc. , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LPT going up? Or down? Predict to see what others think:Up or Down
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Liberty Property (LPT) Soars: Stock Adds 13.7% in Session
Liberty Property Trust was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $50.26 to $51.42 in the past one-month time frame.
The move came after the news that Prologis has agreed to acquire the company in an all-stock transaction, valued at about $12.6 billion.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Liberty Property currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Liberty Property Trust Price
Liberty Property Trust price | Liberty Property Trust Quote
Investors interested in the REIT and Equity Trust - Other industry may consider a better-ranked stock like Columbia Property Trust, Inc. , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LPT going up? Or down? Predict to see what others think:Up or Down
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>