Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/23/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
5.21%
CYNOSURE INC CYNO
4.42%
DAWSON GEOPH DWSN
4.33%
MARRIOT VAC VAC
3.27%
BLOOMIN BRAN BLMN
2.93%

Liberty Property Acquires Asset

by Zacks Equity Research

July 19, 2011 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Liberty Property Trust (LRY - Analyst Report) recently purchased a Class A distribution property spanning 535,000 square feet at 7533 Industrial Park Way in Macungie, Pennsylvania for approximately $32 million.

The property was developed five years ago but has remained vacant since then. The company also executed a long-term lease for 63% of the building spanning 337,500 square feet. The new tenant will occupy the space on January 1, 2012.

Liberty Property boasts a presence in multiple markets, thereby helping the company to mitigate geographical risk. In each of its markets, the company offers an appropriate mix of office and industrial properties, sufficient to be recognized as a significant participant in the market.

The distribution market in the Lehigh Valley is growing rapidly and with this transaction, Liberty Property seeks to strengthen its presence in this market. As the economy picks up, demand for distribution facilities across the region is expected to grow.

Based in Pennsylvania, Liberty Property provides leasing, property management, development, construction management, design management, and related services for a portfolio of industrial and office properties. Currently, the company owns and manages more than 16 million square feet of office, flex and industrial space in the Lehigh Valley, and is the largest commercial real estate landlord in the region.

Liberty Property currently retains a Zacks #4 Rank, which translates into a short-term Sell rating. We are also maintaining our long-term Underperform recommendation on the stock. One of its competitors, Duke Realty Corp (DRE - Analyst Report) currently retains a Zacks #3 Rank, which translates into a short-term Hold rating.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.