PLD Lowers FFO; Shares Down – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/14799/PLD+Lowers+FFO%3B+Shares+Down+-+Zacks+Tale+of+the+TapePosted on Thursday, September 18th, 2008 | In Stocks to Watch
Contributed by: James Giaquinto (http://www.zacks.com/) -
Shares of ProLogis (PLD) are down approximately 4.5% Thursday afternoon, a day after the distribution facilities company pulled back on its 2008 funds from operations guidance. The company now expects between $4 and $4.35, instead of the previous outlook of $4.65 to $4.85.
The company was also downgraded by a couple brokerage firms today.
PLD also established a FFO guidance for 2009, which was below Wall Street expectations, and raised its annual dividend.
The company is a Zacks #4 Rank with estimates for this year and next that are lower from 2 months ago.
“PLD” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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 About James Giaquinto (http://www.zacks.com/)
James Giaquinto is an Editor at Zacks Investment Research. |
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