REIT Dubbed 'Bear of the Day'

Zacks Equity Research, Chicago, announced Dec. 1 that Liberty Property Trust, Malvern, Pa., had been designated its "Bear of the Day," a stock expected to underperform the markets over the next three to six months.Zacks said the commercial real estate investment trust had a disappointing third quarter, reporting funds from operations that were $0.04 per share lower than Zacks' expectations. "Liberty is focusing on development which could prove beneficial down the road, although most projects will not add to earnings in the near term," Zacks said. "We rate the company a sell due to our expectation of little to zero FFO growth in 2007." Zacks can be found online at http://www.zacks.com, and Liberty Property Trust can be found at http://www.libertyproperty.com.