Industrial REIT's

While the announcement of a Facebook video chat was not market moving, some news coming out of the conference can actually have an impact on your portfolio. Facebook said that the company is going to build more data centers, as opposed to leasing them going forward. A few related names in this...

Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....

Analysts at Robert W. Baird upgraded Anixter International Inc (NYSE: AXE) from “neutral” to “outperform.” AXE's shares closed at $61.18 yesterday. Anixter's PEG ratio is 0.75. Analysts at FBR Capital upgraded EastGroup Properties Inc (NYSE: EGP) from “underperform” to “outperform.” EGP's shares...

Bank of America is commenting on a recent tour of a Europe warehouse tour of Prologis' (NYSE: PLD), which the bank says supports its recent upgrade to Buy. “BofAML's Global Real Estate Research Team hosted a European Property Tour through London, Frankfurt and Paris last week,” Bank of America...

According to Jefferies, ProLogis (NYSE: PLD) price target is lowered to $31 from $33. Jefferies said that its 12-month price target of $31 for PLD is derived via our dividend discount model (DDM) and implies that one year from now, the stock will trade at 18.2x and 17.7x our '12 and '13 FFO per...

Jefferies & Company has lowered the price target on the following companies: Autodesk (NASDAQ: ADSK) from $47 to $40, Hold ProLogis (NYSE: PLD) from $33 to $31, Hold

Wunderlich is out with its report today on DCT Industrial Trust (NYSE: DCT), initiating DCT at Hold. In a note to clients, Wunderlich writes, "We are initiating coverage of DCT Industrial Trust with a Hold rating on the shares. We like the (1) attractive 7.1% NOI cap rate, (2) $43/SF basis, (3)...

Stifel Nicolaus has initiated coverage on DCT Industrial Trust (NYSE: DCT) with a Hold rating.

Prologis, Inc. (NYSE: PLD) today announced the pricing of 30 million shares of its common stock in a public offering at a price of $33.50 per share. Prologis has granted the underwriters a 30-day option to purchase up to an additional 4.5 million shares of its common stock to cover over-allotments...

Prologis, Inc (NYSE: PLD) today announced that it intends to offer 30 million shares of its common stock in a registered public offering. Prologis also plans to grant the underwriters a 30-day option to purchase up to 4.5 million additional shares of its common stock to cover sales in excess of...

Index IQ rolled out the first small cap U.S. REIT ETF last week (6/14/11).  IQ US Real Estate Small Cap ETF (ROOF) intends to provide income and complement large cap REIT exposure. The underlying IQ US Real Estate Small Cap Index uses a float-adjusted market cap-weighted methodology.  The goal is...

Jefferies is out with its report today on Prologis (NYSE: PLD), raising its PT from $15 to $33. In a note to clients, Jefferies writes, "We are adjusting our Price Target on PLD to $33 from $15 to match our most recent price target on AMB, which recently completed its merger with the 'old' PLD and...

Jefferies & Company has Lowered the price target on Newell Rubbermaid (NYSE: NWL) from $20 to $16 and has raised the price target on ProLogis (NYSE: PLD) from $15 to $33.

Prologis, Inc. (NYSE: PLD) today announced that it has recast or amended approximately $2.2 billion in senior credit agreements. Prologis entered into a $1.75 billion global senior credit agreement with a syndicate of 20 banks. An accordion feature will allow Prologis to increase the credit...

J.P. Morgan is out with its report today on First Industrial Realty Trust (NYSE: FR), raising its PT from $8 to $9.50. In a note to clients, J.P. Morgan writes, "We increase our December 2011 price target to $9.50/share from $8/share. Our price target is primarily determined using a DCF valuation...