Maguire Properties, a Los Angeles-based real estate investment trust, has been designated the "Bear of the Day" for July 18 by Zacks Equity Research, Chicago. The Bear of the Day is a stock expected to underperform the markets over the next three to six months. Pointing to Maguire's "high debt load due to heavy acquisition activity in 2007," Zacks said the office REIT "was put up for sale, but found no buyer." Most senior management has been replaced, and the company "is scrambling to shore up operations," the research firm said. Zacks can be found online at http://www.zacks.com, and Maguire can be found at http://www.maguireproperties.com.
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