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LPT

Liberty Property

$39.10

-0.58 (-1.46%)

08:13
10/05/16
10/05
08:13
10/05/16
08:13

Liberty Property sells $969M portfolio to Workspace Property Trust

Liberty Property Trust has sold 108 office and flex buildings, plus 26.7 acres of land, in five markets, to Workspace Property Trust, a real estate investment firm, for approximately $969M.

  • 25

    Oct

LPT Liberty Property
$39.10

-0.58 (-1.46%)

10/04/16
SOCO
10/04/16
UPGRADE
Target $41
SOCO
Overweight
Liberty Property upgraded on portfolio sale at Capital One
As previously reported, Capital One upgraded Liberty Property to Overweight from Equalweight. Analyst Thomas Lesnick said the long awaited closing of the previously-announced $969M portfolio sale of 108 properties is a catalyst for shares. The sale will allow growth once again and is now roughly 80% industrial and is one of the cheapest means by which to gain industrial development exposure in portfolios given implied cap rate spreads, Lesnick wrote in a report.
10/04/16
SOCO
10/04/16
UPGRADE
SOCO
Overweight
Liberty Property upgraded to Overweight from Equalweight at Capital One
09/06/16
MSCO
09/06/16
INITIATION
Target $38
MSCO
Equal Weight
Liberty Property coverage resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Sumit Sharma resumed coverage on Liberty Property with an Equal Weight and $38 price target citing lack of near-term catalysts and valuation.
04/27/16
STFL
04/27/16
UPGRADE
STFL
Hold
Liberty Property upgraded on valuation, industrial fundamentals at Stifel
As noted earlier, Stifel upgraded Liberty Property to Hold from Sell. Among the reasons cited by the firm were valuation and its belief that U.S. industrial fundamentals will remain strong.

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