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ProLogis Repositions Portfolio - Analyst Blog
Wednesday, December 22, 2010 - 10:33am | 528ProLogis (PLD), a leading global provider of distribution facilities, has recently entered an agreement with TPG Capital, a premier global private investment firm, to sell a portfolio of retail and mixed-use assets for approximately $505 million. The transaction is expected to be completed in...
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ProLogis Repositions Portfolio - Analyst Blog
Wednesday, December 22, 2010 - 10:15am | 528ProLogis (PLD), a leading global provider of distribution facilities, has recently entered an agreement with TPG Capital, a premier global private investment firm, to sell a portfolio of retail and mixed-use assets for approximately $505 million. The transaction is expected to be completed in...
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Jefferies Initiates ProLogis With Hold (PLD)
Wednesday, December 22, 2010 - 8:44am | 85Jefferies & Co. is initiating coverage on ProLogis (NYSE: PLD) with a Hold rating and a $13 price target on shares. In a note sent to clients, Jefferies writes, "We are positive on PLD's development potential, above average earnings growth, and strong management team that has executed on its...
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Jefferies Initiates DCT Industrial Trust At Hold (DCT)
Wednesday, December 22, 2010 - 8:41am | 131Jefferies & Co. is initiating coverage on DCT Industrial Trust (NYSE: DCT) with a Hold rating and a $5 price target on shares. In a note sent to clients, Jefferies writes, "DCT trades at the most attractive valuation in our Industrial REIT initiation universe on multiple metrics: 1) lowest 2012...
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Oppenheimer Maintains DFT Rating
Wednesday, December 22, 2010 - 8:35am | 135Following meetings with DuPont Fabros Technology, Inc.'s (NYSE: DFT) CFO, Mark Wetzel, “we came away encouraged that lease trends and new expansions remain on track, which should drive solid double-digit FFO growth over the next couple of years,” Oppenheimer reports. “Although some additional...
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Jefferies Initiates EastGroup Properties With Hold (EGP)
Wednesday, December 22, 2010 - 8:35am | 92Jefferies & Co. is initiating coverage on EastGroup Properties (NYSE: EGP) with a Hold rating and a $42 price target on shares. In a note sent to clients, Jefferies writes, "EastGroup's conservative approach to balance sheet management and capital deployment has helped the company weather the...
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Jefferies Initiates AMB Property At Hold (AMB)
Wednesday, December 22, 2010 - 8:32am | 188Jefferies & Co. is initiating coverage on shares of AMB Property (NYSE: AMB) with a Hold rating and a $28 price target. In a note to clients, Jefferies writes, "We are initiating coverage of the Industrial REIT sector with a Neutral view over the next 12 months. It appears that U.S. industrial...
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First Potomac Realty Trust Lends $25M
Wednesday, December 22, 2010 - 8:25am | 54First Potomac Realty Trust (NYSE: FPO) today announced that it has provided a $25 million loan to the owners of the Atlantic Building, 950 F Street, NW, in Washington, D.C. The 286,678-square-foot, LEED-certified, trophy office building is located in the heart of the city's East End submarket.
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Jefferies Initiates AMB Property At Hold
Wednesday, December 22, 2010 - 7:39am | 26Jefferies & Company has initiated coverage on AMB Property Corporation (NYSE: AMB) with a Hold rating and $28 price target.
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Jefferies Initiates EastGroup At Hold
Wednesday, December 22, 2010 - 7:38am | 25Jefferies & Company has initiated coverage on EastGroup Properties (NYSE: EGP) with a Hold rating and $42 price target.
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Jefferies Initiates DCT Industrial Trust At Hold
Wednesday, December 22, 2010 - 7:37am | 26Jefferies & Company has initiated coverage on DCT Industrial Trust (NYSE: DCT) with a Hold rating and $5 price target.
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Jefferies Initiates ProLogis At Hold
Wednesday, December 22, 2010 - 7:36am | 22Jefferies & Company has initiated ProLogis (NYSE: PLD) with a Hold rating and $13 price target.
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ProLogis Announces $505 Million Agreement With TPG Capital
Tuesday, December 21, 2010 - 10:06am | 49ProLogis (NYSE: PLD) announced today that it has entered into a definitive agreement with affiliates of TPG Capital to sell a portfolio of U.S. retail and mixed-use assets and the Catellus name for a total purchase price of approximately $505 million.
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Benzinga's Top ETF Decliners (DRV, AGA, VXX, ERY)
Monday, December 20, 2010 - 5:56pm | 234Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) dropped 3.76% on Monday, as the real estate stocks traded higher. AMB Property Corporation (NYSE: AMB) gained 2.25%, and D.R. Horton, Inc. (NYSE: DHI) added 3.69%. DRV closed at $19.95, and this was the third trading session in a row that it...
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Benzinga's Top ETF Gainers (BAL, UNG, DRN, ITB)
Monday, December 20, 2010 - 5:38pm | 248iPath DJ-UBS Cotton Subindex Total Return SM Index ETN (NYSE: BAL) led the gainers among the ETFs on Monday, with an increase of 7.70%. This was the third consecutive trading session that BAL closed in the positive territory, and it jumped approximately 46% since November 23rd. Today, BAL closed at...