REIT Tagged 'Bear of the Day'

Zacks Equity Research, Chicago, announced April 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 is still rated a Sell "despite a low comparative valuation" and recent price declines. "We expect rental rates to remain flat through 2008, as the company has assets in office markets that have high vacancies," Zacks said. "Additionally, Liberty continues to run a deficit to cash flow -- that is, the dividend is not being covered with operating cash. We expect this to continue in 2008, as competition for tenants will become worse in a faltering economy." Zacks can be found online at http://www.zacks.com, and Liberty Property Trust can be found at http://www.libertyproperty.com.