Prologis (NYSE:PLD) has earned an average rating of “Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.33.
A number of research firms recently weighed in on PLD. BMO Capital Markets restated a “buy” rating and issued a $68.00 price objective on shares of Prologis in a report on Tuesday, April 17th. Jefferies Group upgraded Prologis from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. ValuEngine upgraded Prologis from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase upgraded Prologis from a “neutral” rating to an “overweight” rating in a report on Tuesday, March 27th. Finally, Robert W. Baird increased their price target on Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th.
NYSE PLD opened at $64.99 on Thursday. The firm has a market capitalization of $34,643.18, a P/E ratio of 21.81, a P/E/G ratio of 4.77 and a beta of 0.83. Prologis has a twelve month low of $53.15 and a twelve month high of $67.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.32 and a quick ratio of 0.68.
Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, April 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.33. The business had revenue of $555.90 million during the quarter, compared to the consensus estimate of $552.42 million. Prologis had a return on equity of 9.85% and a net margin of 67.65%. Prologis’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. sell-side analysts anticipate that Prologis will post 2.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a $0.48 dividend. The ex-dividend date was Wednesday, March 14th. This is an increase from Prologis’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a dividend yield of 2.95%. Prologis’s dividend payout ratio (DPR) is currently 68.33%.
In other news, Director William D. Zollars sold 4,020 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 20,225 shares in the company, valued at approximately $1,223,208. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael S. Curless sold 14,465 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $62.49, for a total value of $903,917.85. Following the completion of the sale, the insider now owns 102 shares of the company’s stock, valued at $6,373.98. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtue Capital Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $143,000. Parallel Advisors LLC grew its stake in shares of Prologis by 66.3% in the 4th quarter. Parallel Advisors LLC now owns 2,509 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 1,000 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Prologis by 75.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,678 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,152 shares during the period. Premia Global Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $192,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at about $200,000. Institutional investors own 95.39% of the company’s stock.
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Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries.
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