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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:11 EDTEGP, DCT, PLD, STAGIndustrial REIT sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Industrial REIT sector to Market Weight from Overweight citing a lack of compelling valuations in the group. The firm downgraded shares of EastGroup Properties (EGP) to Market Perform from Outperform, keeps an Underperform rating on DCT Industrial (DCT), an Outperform rating on ProLogis (PLD), and Market Perform rating on STAG Industrial (STAG).
News For EGP;DCT;PLD;STAG From The Last 14 Days
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September 2, 2014
09:06 EDTPLDPrologis announces PELP acquired portfolio of facilities and land in Barcelona
Prologis announced that Prologis European Logistics Partners Sarl, or PELP, has acquired a portfolio of more than 1.6M square feet of high-quality logistics facilities and development land in Madrid and Barcelona from SABA Parques Logisticos. PELP is a 50-50 joint venture between Prologis and Norges Bank Investment Management.
09:02 EDTSTAGSTAG Industrial announces acquisition activity for August
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August 26, 2014
05:35 EDTPLDPrologis announces Nippon Prologis REIT issuance of new investment units
Prologis announced that Japanese real estate investment trust Nippon Prologis REIT, or NPR, will issue new investment units. Prologis will retain its 15% ownership interest in NPR. NPR intends to use the net proceeds from the issuance, estimated at $374M, for the repayment of the bridge loans used to acquire five Class-A properties for approximately $448M. The properties will be acquired from Prologis' wholly owned Japan portfolio. The assets, totaling approximately 2.4M square feet, were offered to NPR through its sponsor support agreement with Prologis. The acquisition is expected to close September 1 in Japan. NPR is managed by a wholly owned subsidiary of Prologis.
August 22, 2014
10:01 EDTDCTOn The Fly: Analyst Downgrade Summary
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08:51 EDTDCTDCT Industrial downgraded at BMO Capital
As noted earlier, BMO Capital downgraded DCT to Market Perform from Outperform. The firm thinks that industrial operating fundamentals are likely at peak levels, while the downside risk of increased supply continues to grow and other property types are more attractive.
06:31 EDTDCTDCT Industrial downgraded to Market Perform from Outperform at BMO Capital
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