Liberty Property Trust

Liberty Property Trust (NYSE: LRY) announced another portfolio sale of suburban office and flex in Richmond, VA, for $97M, “on the heels of its $124M sale in the Lehigh Valley, PA, of similar assets announced yesterday,” KBW reports. “These sales are consistent with its strategy of rotating out of...

J.P. Morgan is out with its report today on Liberty Property Trust (NYSE: LRY), maintaining Neutral. In a note to clients, J.P. Morgan writes, "We rate LRY Neutral, because although LRY could see marginally better fundamentals than some of its suburban office REIT peers and it has an above-...

JP Morgan has changed the price targets on the following REITs: Acadia Realty Trust (NYSE: AKR) 18.09 Neutral $17.00 to $18.00 AMB Property Corporation (NYSE: AMB) $32.46 Neutral $30.00 to $26.00 Boston Properties (NYSE: BXP) $86.46 Overweight $110.00 to $91.00 CB Richard Ellis Group, Inc. (NYSE:...

J.P. Morgan is lowering its estimates on Liberty Property Trust (NYSE: LRY) due to its conservative assumptions In a report sent to clients, J.P. Morgan writes, "we are lowering our 2010 and 2011 FFO/share estimates by $0.02 and $0.05 to $2.65 and $2.65, respectively. Our new 2010 estimate of $2.65...