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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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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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August 18, 2014
09:02 EDTPLDPrologis leases 225,000 square feet to Jaguar Rover in UK development
Prologis announced a new lease agreement for 225,000 square feet at Prologis Park Ryton in the United Kingdom, with Jaguar Land Rover. The facility, which is part of Jaguar Land Rover's recently launched special operations division, will be the company's global hub for the creation of its high-performance, luxury bespoke vehicles. The new facility, completed this May, is proximate to Jaguar Land Rover's headquarters, and is well-located at the heart of the motorway network, within easy reach of the M6, M69 and M40/M5. Prologis owns and manages approximately 20 million square feet of logistics and distribution space in the U.K. as of June 30, 2014.

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