Prologis Inc (NYSE:PLD) has been given a $65.00 target price by analysts at Wells Fargo & Company in a research report issued to clients and investors on Thursday, October 26th. The firm currently has a “hold” rating on the real estate investment trust’s stock. Wells Fargo & Company’s price target suggests a potential downside of 3.09% from the stock’s previous close.
Other analysts have also issued reports about the company. Citigroup Inc. lifted their price objective on Prologis from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. KeyCorp lifted their price objective on Prologis from $65.00 to $68.00 and gave the company a “buy” rating in a report on Monday, October 16th. BMO Capital Markets began coverage on Prologis in a research report on Monday, September 11th. They set an “outperform” rating and a $69.00 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price on shares of Prologis in a report on Thursday, September 21st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $68.00 target price on shares of Prologis in a research report on Thursday, October 12th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $65.50.
Shares of Prologis (PLD) traded up $0.85 on Thursday, reaching $67.07. 1,613,600 shares of the company were exchanged, compared to its average volume of 2,450,364. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Prologis has a 12-month low of $45.93 and a 12-month high of $67.22. The company has a market cap of $35,234.47, a price-to-earnings ratio of 23.91, a PEG ratio of 4.44 and a beta of 0.92.
Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $531.18 million during the quarter, compared to analyst estimates of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.93%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. research analysts anticipate that Prologis will post 2.8 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. lifted its holdings in shares of Prologis by 0.6% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after acquiring an additional 52 shares during the last quarter. Creative Planning increased its holdings in Prologis by 3.4% during the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares during the period. National Asset Management Inc. increased its holdings in Prologis by 1.5% during the second quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 75 shares during the period. LS Investment Advisors LLC grew its holdings in Prologis by 0.5% in the second quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock worth $908,000 after purchasing an additional 76 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its holdings in Prologis by 1.3% in the second quarter. BKD Wealth Advisors LLC now owns 6,091 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.
Prologis Company Profile
Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.
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