Prologis (PLD) Receives $68.33 Average Target Price from Analysts

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.

TRADEMARK VIOLATION WARNING: “Prologis (PLD) Receives $68.33 Average Target Price from Analysts” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/22/prologis-pld-receives-68-33-average-target-price-from-analysts.html.

About Prologis

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.

Analyst Recommendations for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply