Stock Price Movements, Upgraded S&P Ratings, Term Loan Agreements, and Strategic Investments - Analyst Notes on Public Storage, Prologis, DCT Industrial, STAG Industrial, and E-House
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NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Public Storage (NYSE: PSA), Prologis, Inc. (NYSE: PLD), DCT Industrial Trust Inc. (NYSE: DCT), STAG Industrial, Inc. (NYSE: STAG), and E-House (China) Holdings Limited (NYSE: EJ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Public Storage Analyst Notes
On March 31, 2014, Public Storage's stock increased 0.27%, ending the day at $168.49. Over the previous five trading sessions, shares of Public Storage increased 0.35%, compared to the Dow Jones Industrial Average which gained 1.11% during the same period. The full analyst notes on Public Storage are available to download free of charge at:
http://www.AnalystsReview.com/04032014/PSA/report.pdf
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Prologis, Inc. Analyst Notes
On March 27, 2014, Prologis, Inc. (Prologis) announced that the Standard and Poor's (S&P) Ratings Services has raised the Company's corporate credit and senior unsecured debt ratings to BBB+, from BBB, with a stable outlook. Explaining the upgrade, S&P cited Prologis' early completion of its "post-merger integration, portfolio repositioning, and de-leveraging plan in mid-2013" as rationale for the upgrade. Thomas S. Olinger, CFO, Prologis, commented, "This upgrade represents another important achievement in the current growth phase of our company. We are pleased S&P recognizes the quality of our global portfolio, industry-leading governance, financial strength, and unique growth prospects." The full analyst notes on Prologis, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/PLD/report.pdf
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DCT Industrial Trust Inc. Analyst Notes
On March 31, 2014, DCT Industrial Trust Inc.'s (DCT Industrial) stock increased 0.77%, ending the day at $7.88. Over the last one month, shares of DCT Industrial gained 0.90%, compared to the Dow Jones Industrial Average which also increased 1.13% during the same period. The full analyst notes on DCT Industrial Trust Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/DCT/report.pdf
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STAG Industrial, Inc. Analyst Notes
On March 27, 2014, STAG Industrial, Inc. (STAG Industrial) reported the closing of a new $150 million unsecured loan with a seven-year term. Ben Butcher, STAG Industrial's CEO, commented, "We are pleased to announce the closing of a new $150 million long term debt facility." Butcher added, "This is another important component of our capital structure as we continue to ladder out our debt maturities in support of our conservative debt strategy." The $150 million unsecured term loan will mature on March 21, 2021, and, subject to certain conditions, has a feature that permits STAG Industrial to request an increase in total commitments to $250 million. At STAG Industrial's election, borrowings under the term loan bear interest at a floating rate plus a spread over either the Eurodollar Rate or the Base Rate. Depending upon the Company's leverage ratio, the spread varies from 1.70% to 2.30% for Eurodollar Rate based borrowings and from 0.70% to 1.30% for Base Rate based borrowings. As of March 21, 2014, the spread on the term loan was 1.70%. The full analyst notes on STAG Industrial, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/STAG/report.pdf
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E-House (China) Holdings Limited Analyst Notes
On March 21, 2014, E-House (China) Holdings Limited (E-House) and Leju Holdings Limited (Leju), a wholly-owned subsidiary of the Company, along with Tencent Holdings Limited (Tencent), a comprehensive Internet services provider in China, announced that Tencent will acquire from E-House a 15% equity interest in Leju (on a fully diluted basis) for $180 million. Xin Zhou, E-House's Co-Chairman and CEO, commented, "Tencent's investment in Leju demonstrates its recognition of Leju's success in O2O real estate e-commerce. We strongly believe in the opportunities in this vast and growing market. By leveraging Tencent's powerful Weixin, we will continue our push to establish a leading mobile-based, real estate e-commerce platform. We also look forward to deepening and widening our strategic cooperation with Tencent in the coming years." Martin Lau, President of Tencent, added, "We are delighted to invest in and cooperate with Leju. Our strategic partnership will bring Leju's rich real estate information to Weixin users, enable Leju to better connect with our users through Official Accounts, and expand our payment solution to Leju's user base. We look forward to collaborating with our partners in building a prosperous ecosystem for the Internet industry." The full analyst notes on E-House (China) Holdings Limited are available to download free of charge at:
http://www.AnalystsReview.com/04032014/EJ/report.pdf
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