Posts for Ticker ‘PLD’

Top 10 Analyst Upgrades and Downgrades (SCHW, HSY, LEAP, PCS, MSFT, NFLX, POT, PLD, RSH, SPWRA)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Friday morning with about two hours until the market opens for trading:

Charles Schwab (SCHW) Cut to Hold at Citigroup.
Hershey Foods (HSY) Cut to Sell at Deutsche Bank, but was Raised to Neutral at Credit Suisse.
Leap Wireless International (LEAP) Started as Buy at SunTrust Robinson Humphrey.
MetroPCS (PCS) Started as Buy at SunTrust Robinson Humphrey.
Microsoft (MSFT) Cut to Market Perform at FBR.
Netflix (NFLX) Cut to Underperform at Oppenheimer.
Potash Corp. (POT) Cut to Neutral at JPMorgan.
ProLogis (PLD) Raised to Neutral at JPMorgan.
RadioShack (RSH) Raised to Outperform at RBC.
SunPower (SPWRA) Raised to Outperform at FBR.

JON C. OGG
JULY 24, 2009

Posted on: July 24, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Commercial Real Estate Woes Back in Focus (JPM, BXP, LRY, OFC, SPG, PLD, DLR, AMB, CBG)

Burning Money PicThis morning’s earnings call from J.P. Morgan Chase & Co. (NYSE: JPM) echoes some of our concern of what is coming in the next wave of real estate problems which could cause the next wave of economic problems.  Commercial real estate.  This forecast by Jamie Dimon, along with profit taking in a down-market morning, is acting to hit large-scale commercial property stocks in REITs and in operating companies.  These are not the only stocks by any means in these sectors, but our go-to universe includes Boston Properties Inc. (NYSE: BXP), Liberty Property Trust (NYSE: LRY), Corporate Office Properties Trust Inc. (NYSE: OFC), Simon Property Group Inc. (NYSE: SPG), ProLogis (NYSE: PLD), Digital Realty Trust Inc. (NYSE: DLR), AMB Property Corp. (NYSE: AMB), and CB Richard Ellis Group, Inc. (NYSE: CBG).  All of these are getting hit this morning.  We have provided some detailed information, brief technical analysis, and charts for each below.
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Posted on: July 16, 2009 – 10:02 am in Banking, Business Services, REIT, , , , , , , , ,

Top Analyst Upgrades (ADI, IRE, COST, NOK, PG, PLD, RDS-A, SOLF, TSN)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Wednesday morning:

Analog Devices (ADI) Raised to Buy at Deutsche Bank; Raised to Neutral at Baird.
Bank of Ireland (IRE) Raised to Buy at Deutsche Bank.
Costco (COST) Raised to Outperform at Credit Suisse.
Nokia (NOK) Raised to Buy at Deutsche Bank.
Procter & Gamble (PG) Raised to Outperform at Barclays.
ProLogis (PLD) Raisede to Outperform at FBR.
Royal Dutch Shell (RDS-A) Raised to Neutral at Jefferies.
Solarfun (SOLF) Raised to Hold at Jefferies.
Tyson Foods (TSN) Raised to Buy at KeyBanc.

JON C. OGG

MAY 20, 2009

Posted on: May 20, 2009 – 6:39 am in Analyst Calls, , , , , , , , ,

ProLogis Scores On Financing and Secondary (PLD)

money-stack-image14ProLogis (NYSE: PLD) has successfully raised the cash it was seeking.  And then some.  The warehouse and office park owner and operator REIT had originally planned to sell 115 million shares of common stock to bolster its balance sheet, but it looks like the offering was priced rather strongly at 152 million shares at a price of $6.60 per share, a discount of about 3% to yesterday’s close.
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Posted on: April 8, 2009 – 7:55 am in Business Services, REIT, Secondary Offering,

Early Bird Analyst Downgrades (ADBE, BLKB, GLW, DE, ERIC, PCG, PPDI, PLD)

Burning_money_picThese are some of the analyst downgrades we have seen from Wall Street this Tuesday morning with more than two hours until the open:

  • Adobe Systems (NASDAQ: ADBE) Cut to Underperform at FBR.
  • Blackbaud (NASDAQ: BLKB) Started as Sell at Maxim Group.
  • Corning (NYSE: GLW) Cut to Market Weight at Thomas Weisel.
  • Deere & Co. (NYSE: DE) Cut to Neutral at JPMorgan.
  • Ericsson (NASDAQ: ERIC) Cut to Sell at UBS.
  • PG&E (NYSE: PCG) Cut to Neutral at Goldman Sachs.
  • Pharmaceutical Product Development (NASDAQ: PPDI) Cut to Neutral at Goldman Sachs.
  • ProLogis (NYSE: PLD) Cut to Underweight at JPMorgan.

Jon C. Ogg
January 13, 2009

Posted on: January 13, 2009 – 7:16 am in Analyst Calls, , , , , , , ,

Top Pre-Market Analyst Upgrades & Downgrades (LFC, NUE, PLD, SLF, CCJ, SSCC)

Money_stack_picThese are the few upgrades and downgrades we have seen this shortened Wednesday.  As we are in the holidays, the analyst community has largely gone quiet until after the first of the year.

  • China Life Insurance Co. Ltd. (NYSE: LFC) Raised to Buy at Citigroup.
  • Nucor (NYSE: NUE) Raised to Buy at Deutsche Bank.
  • ProLogis (NYSE: PLD) Raised to Buy at Deutsche Bank; Raised to Outperform at Wachovia.
  • Sun Life (NYSE: SLF) Raised to Outperform at CIBC.
  • Cameco (NYSE: CCJ) Cut to Market Perform at FBR.
  • Smurfit-Stone (NASDAQ: SSCC) Cut to Hold at Deutsche Bank.

Jon C. Ogg
December 24, 2008

Posted on: December 24, 2008 – 7:36 am in Analyst Calls, , , , , ,

The 52-Week Low Club (GOOG)(AAPL)(BAC)(F)(GM)(C)(CLWR)(PLD)(JNY)(STP)

Sad_clownVerifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61.

Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90.

Jones Apparel (JNY) Part of retail sector sell-off. Sells off to $2.34 from 52-week high of $22.12.

Prologis (PLD) CEO is out and so are lots of employees. Falls to $2.25 from 52-week high of $71.79.

Clearwire (CLWR) Bad reaction to partnership with Sprint (S). Down to $3.77 from 52-week high of $18.26.

Citigroup (C) Investors still concerned about bank’s viability. Plunges to $4.39 from 52-week high of $35.29.

GE (GE) may be looking to raise money overseas. Later report denies it Down to $12.58 from 52-week high of $38.67.

GM (GM) Concerns about Chapter 11. Drops to $1.70 from 52-week high of $29.95.

Ford (F). Ditto. Drops to $1.01 from 52-week high of $8.79.

Bank of America (BAC) Market expects more losses and perhaps need for more capital. Sells down to $11 from 52-week high of $47.

Apple (AAPL) Could be its first rough holiday season in five years. Falls off to $80 from 52-week high of $202.96.

Google (GOOG) Down to $259.04 from 52-week high of $724.80 on word that search ads are not recession-proof.

Douglas A. McIntyre 

Posted on: November 20, 2008 – 4:01 pm in HI/LOW, , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (ADBE, AMB, BLKB, KO, EMCI, HSII, KFN, OMTR, PLD, VAR, VMW, VMC)

Down_arrow_redThese are some of the top downgrades we have seen this Monday morning with about 2 hours until the open:

  • Adobe Systems (ADBE) Cut to Market Perform at FBR.
  • AMB Property (AMB) Cut to Sell at Goldman Sachs.
  • Blackbaud (BLKB) Cut to Market Perform at Wachovia.
  • Coca-Cola (KO) Cut to Hold at Deutsche Bank.
  • EMC Insurance (EMCI) Cut to Underperform at KBW.
  • Heidrick & Struggles (HSII) Cut to Underperform at Baird.
  • KKR Financial (KFN) Cut to Neutral at JPMorgan.
  • Omniture (OMTR) Cut to Market Perform at FBR.
  • ProLogis (PLD) Cut to Sell at Goldman Sachs.
  • Varian Medical (VAR) Cut to Neutral at JPMorgan.
  • VMware (VMW) Cut to Market Perform at Wachovia.
  • Vulcan Materials (VMC) Cut to Sell at Goldman Sachs.

Jon C. Ogg
October 6, 2008

Posted on: October 6, 2008 – 6:36 am in Analyst Calls, , , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (APKT, FITB, GNTX, NYM, PLD, ROK, TSS, VRAD)

These are not all of the downgrades, butthese are some of the standout calls early this Tuesday morning:

  • Acme Packet (APKT) Cut to Sell at Piper Jaffray.
  • Fifth Third Bancorp (FITB) Cut to Neutral at Baird.
  • Gentex (GNTX) Cut to Neutral at Baird.
  • Nymagic (NYM) Cut to Underperform at KBW.
  • ProLogis (PLD) Cut to Market Perform at FBR.
  • Rockwell Automation (ROK) Started as Sell at Societe Generale.
  • Total System Services (TSS) Cut to Perform at Oppenheimer.
  • Virtual Radiologic (VRAD) Cut to Market Perform at William Blair.

Jon C. Ogg
September 30, 2008

Posted on: September 30, 2008 – 7:01 am in Analyst Calls, , , , , , , ,

The 52-Week Low Club 8/21/2008 (PLD)(CTIC)(TELK)(SPC)

Sad_clownSpectrum Brands (SPC) No big news. Still falling after posting loss. Down to $1.67 from 52-week high of $6.20.

Prologis (PLD) Company recently increased presence in Mexico, but no other news. Drifts off to $42.50 from 52-week high of $73.35.

Cell Therapeutics (CTIC) Moving down several days after poor quarter. Hits bottom at $.25 off from 52-week high of $4.

Telik (TELK) No news, just dead air. Sells off to $.64 from 52-week high of $4.96.

Douglas A. McIntyre

Posted on: August 21, 2008 – 2:51 pm in HI/LOW, , , ,

Top Pre-Market Analyst Downgrades (AMRI, BBY, EBAY, GGC, PLD, JOE, WFC)

These are not all of the analyst downgrades or negative calls affecting shares, but these are some of the calls impacting shares pre-market this Thursday morning:

  • Albany Molecular (NASDAQ: AMRI) Cut to Hold from Buy at Jefferies.
  • Best Buy (NYSE: BBY) Cut to Sell from Neutral at Goldman Sachs.
  • eBay (NASDAQ: EBAY) Cut to Neutral from Buy at Goldman Sachs; Cut to Market Weight at Thomas Weisel.
  • Georgia Gulf (NYSE: GGC) Cut to Underweight at Lehman.
  • ProLogis (NYSE: PLD) Cut to Neutral from Overweight at JPMorgan.
  • The St. Joe Co. (NYSE: JOE) Cut to Underperform at Wachovia.
  • Wells Fargo (NYSE: WFC) Cut to Neutral from Buy at UBS.

Jon C. Ogg
July 17, 2008

Posted on: July 17, 2008 – 7:00 am in Analyst Calls, , , , , , ,

Top 10 Pre-Market Analyst Calls (AG, HBC, CNH, MEOH, OMTR, PLD, RYAAY, SLM, PCU, VE)

These are the top 10 analyst calls that we are focusing on this Tuesday morning:

  • AGCO Corp. (NYSE: AG) raised to Overweight at Goldman Sachs.
  • HSBC Holdings (NYSE: HBC) cut to Neutral at UBS
  • CNH Global NV (NYSE: CNH) cut to Neutral at Goldman Sachs.
  • Methanex (NASDAQ: MEOH) raised to Buy at UBS.
  • Omniture (NASDAQ: OMTR) raised to Buy at Piper Jaffray.
  • ProLogis (NYSE: PLD) cut to Outperform from Top Pick at    RBC Capital Markets.
  • Ryanair (NASDAQ: RYAAY) cut to Sell from Hold at Deutsche Bank.
  • SLM Corp (NYSE: SLM) raised to Overweight at Lehman Brothers.
  • Southern Copper (NYSE: PCU) cut to Neutral at HSBC Securities.
  • Veolia Environnement (NYSE: VE) Cut To Neutral By JPMorgan.

Jon C, Ogg
May 6, 2008

Posted on: May 6, 2008 – 6:53 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (CN, CHU, DISH, FLR, IPCM, MDR, MFA, PLD, SKS, WRE)

These are not the only calls impacting stocks, but these are the top ten individual calls that 247WallSt.com is focusing on:

  • China Netcom (NYSE: CN) downgraded to Neutral at Credit Suisse.
  • China Unicom (NYSE: CHU) raised to Outperform at Credit Suisse.
  • DISH Network (NASDAQ: DISH) raised to Neutral at Credit Suisse.
  • Fluor (NYSE: FLR) raised to Buy at Citigroup.
  • IPC The Hospitalist (NASDAQ: IPCM) started as Buy at Jefferies.
  • McDermott (NYSE: MDR) raised to Buy at Citigroup.
  • MFA Mortgage (NYSE: MFA) downgraded to Market Perform at KBW.
  • ProLogis (NYSE: PLD) raised to Top Pick at RBC Capital Markets.
  • Saks (NYSE: SKS) downgraded to Neutral at Banc of America.
  • Washington REIT (NYSE: WRE) started as Outperform at RBC Capital.

Jon C. Ogg
March 6, 2008

Posted on: March 6, 2008 – 7:47 am in Analyst Calls, , , , , , , , , ,

Stifel Nicolaus Slashes REIT Ratings

The brokerage and research firm Stifel Nicolaus has decided that REITS are either at or are close to their inflection points.  REITs have been very strong performers in light of many large mergers, although they have already taken a decent breather in the last two weeks or so as the pace of mergers in the group has quieted down.

Most of the analyst ratings out of Stifel Nicolaus today are a downgrade from “BUY” to “HOLD.”  Here is a partial list of the liquid REIT stocks that saw downgrades today:

American Financial Realty Trust (AFR), Boston Properties (BXP), Brookfield Properties (BPO), BRT Realty Trust (BRT), Capital Trust (CT), Cedar Shopping Centers (CDR), Highwoods Properties (HIW), KIMCO Realty (KIM), Kite Realty (KRG), Newcastle Investment Corp. (NCT), Northstar Realty (NRF), ProLogis (PLD), Quadra Realty (QRR), Simon Properties (SPG), SL Green Realty (SLG), Washington REIT (WRE), Weingarten Realty (WRI). 

Jon C. Ogg
Jun 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 11, 2007 – 7:38 am in Analyst Calls, Research, , , , , , , , , , , , , , , , ,