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Stock Market & Financial Investment News

News Breaks
January 16, 2013
06:11 EDTSTAG, EGP, PLD, DCTIndustrial 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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January 27, 2015
13:53 EDTEGPJPMorgan reports 5.2% passive stake in EastGroup Properties
08:09 EDTPLDPrologis sees FY15 CFFO $2.04-$2.12, up 11% vs last year
Prologis sees FY15 GAAP EPS 40c-48c, year end occupancy 95.5%-96.5%; GAAP same store NOI growth 3.5%-4.5%; development stabilizations $1.7B-$1.9B; development starts $2.3B-$2.6B; building acquisitions $1.0B-$1.5B; contributions to co-investment ventures $1.3B-$1.8B; third-party dispositions $1.5B-$2.0B; strategic capital revenue $210M-$220M; and net G&A $238M-$248M.
08:05 EDTPLDPrologis reports Q4 CFFO 48c vs. 43c last year
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January 26, 2015
15:40 EDTPLDNotable companies reporting before tomorrow's open
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January 23, 2015
08:55 EDTSTAGSTAG Industrial price target raised to $30 from $27 at RW Baird
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January 22, 2015
16:13 EDTEGPEastGroup Properties announces executive succession plan
EastGroup Properties announced that its Board of Directors has implemented an executive succession plan, pursuant to which Marshall Loeb has been appointed to the positions of President and COO effective March 1, 2015. Loeb will become President and CEO January 1, 2016 and will succeed David Hoster II, who has been President of the company since 1994 and its CEO since 1997. Hoster will remain on the Board and become its Chairman January 1, 2016. Also, as part of this transition, Leland Speed, who is currently Chairman of the Board of Directors, has agreed to remain on the Board as its Chairman Emeritus. Both of these changes are subject to Hoster and Speed being reelected as Directors by the stockholders, and elected by the Board to these positions. Speed has been a Director since 1978, Chairman since 1983 and was CEO from 1983 to 1997. These changes are the result of a succession plan that the Board believes is necessary to ensure experience, knowledge transfer and continuity. Loeb, who was with EastGroup from 1991 to 2000, began with the company as an asset manager and rose to senior vice president after having a variety of responsibilities with the company.
January 21, 2015
09:04 EDTPLDPrologis completes 4.2MW solar project in Los Angeles
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07:22 EDTEGPEastGroup Properties upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded EastGroup to Outperform based on valuation and diversified business/development plan. Price target raised to $70 from $69.

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