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Prologis, Inc (PLD) [hlAlert]

Rating:
Outperform
PLD
down 3.86 %

Prologis (PLD) upgraded to Outperform by Wells Fargo

Posted on: Monday,  Jun 17, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Prologis (NYSE: PLD) on 06/17/2013, when the stock price was $39.04. Since
then, Prologis has lost 3.87% as of 01/27/2016's recent price of $37.53.
If you would have followed this Wells Fargo's recommendation on PLD, you would have lost 3.86% of your investment in 954 days.

ProLogis is a self-administered and self-managed real estate investment trust (REIT) that owns, operates and develops real estate properties, primarily industrial properties, in North America, Europe and Asia (directly and through its unconsolidated investees). It operates in two business segments: Direct Owned and Investment Management. The direct owned segment represents the long-term ownership of industrial properties. The investment management segment represents the investment management of unconsolidated property funds and certain joint ventures and the properties they own. In February 2009, it closed the sale of its operations in China and property fund interests in Japan to affiliates of GIC Real Estate. Its direct owned segment focuses primarily on the ownership and leasing of industrial and retail properties in key distribution markets. As of December 31, 2008, the Company had investments in and advances to 17 property funds with ownership interests ranging from 20 % to 50 %.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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