Prologis (NYSE:PLD) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.85-2.95 for the period, compared to the Thomson Reuters consensus estimate of $2.88.
Several equities analysts have issued reports on the company. Evercore ISI upgraded Prologis from an in-line rating to an outperform rating in a research note on Monday, December 4th. JPMorgan Chase & Co. lowered Prologis from an overweight rating to a neutral rating and set a $66.00 target price on the stock. in a research note on Friday, December 15th. Citigroup lifted their target price on Prologis from $63.00 to $66.00 and gave the company a neutral rating in a research note on Thursday, October 19th. BMO Capital Markets set a $69.00 price target on Prologis and gave the stock a buy rating in a research note on Tuesday, October 17th. Finally, Jefferies Group restated a neutral rating on shares of Prologis in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $67.06.
Prologis (NYSE:PLD) traded down $0.62 during trading on Wednesday, hitting $60.54. The company had a trading volume of 2,680,000 shares, compared to its average volume of 2,870,000. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.35 and a quick ratio of 0.80. Prologis has a 12-month low of $48.80 and a 12-month high of $67.53. The firm has a market capitalization of $32,210.00, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 3.82 and a beta of 0.83.
Prologis (NYSE:PLD) last released its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Prologis had a return on equity of 9.11% and a net margin of 63.11%. The firm had revenue of $550.65 million during the quarter, compared to the consensus estimate of $533.54 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. analysts expect that Prologis will post 2.9 EPS for the current fiscal year.
In other Prologis news, Director William D. Zollars sold 4,020 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total value of $243,129.60. Following the completion of the transaction, the director now directly owns 20,225 shares of the company’s stock, valued at $1,223,208. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the transaction, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,220,742.65. The disclosure for this sale can be found here. Insiders sold 103,872 shares of company stock valued at $6,843,648 over the last three months. 1.31% of the stock is currently owned by corporate insiders.
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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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