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Prologis, Inc (PLD) [hlAlert]

Rating:
Outperform
PLD
down 66.75 %

Prologis (PLD) upgraded to Outperform by Wachovia

Posted on: Wednesday,  Dec 24, 2008  8:25 AM ET by Wachovia

Wachovia rated Outperform Prologis (NYSE: PLD) on 12/24/2008. Previously Wachovia rated Underperform Prologis (NYSE: PLD) on 11/25/2008., when the
stock price was $3.64. Since then, Prologis has gained 200.82% as of 12/24/2008's recent price of $10.95.
If you would have followed the previous Wachovia's recommendation on PLD, you would have lost 66.75% of your investment in 29 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 %.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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