Prologis (NYSE:PLD)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently issued reports on PLD. Cantor Fitzgerald set a $69.00 price target on shares of Prologis and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Jefferies Group reaffirmed a “neutral” rating on shares of Prologis in a report on Wednesday, January 24th. Robert W. Baird raised their price target on shares of Prologis from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Barclays raised their price target on shares of Prologis from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase raised shares of Prologis from a “neutral” rating to an “overweight” rating in a report on Tuesday, March 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.00.
NYSE PLD opened at $63.28 on Friday. The firm has a market capitalization of $33.81 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 4.25 and a beta of 0.82. Prologis has a 12-month low of $63.50 and a 12-month high of $64.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.66.
Prologis (NYSE:PLD) last posted its quarterly earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.33. The business had revenue of $555.90 million during the quarter, compared to analysts’ expectations of $552.42 million. Prologis had a net margin of 67.65% and a return on equity of 9.86%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. equities analysts anticipate that Prologis will post 3.01 earnings per share for the current year.
In other news, Director Jeffrey L. Skelton sold 3,618 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $65.41, for a total value of $236,653.38. Following the sale, the director now owns 47,708 shares in the company, valued at $3,120,580.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael S. Curless sold 14,465 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $62.49, for a total transaction of $903,917.85. Following the completion of the sale, the insider now owns 102 shares in the company, valued at approximately $6,373.98. The disclosure for this sale can be found here. Insiders sold 21,701 shares of company stock worth $1,377,116 in the last quarter. Company insiders own 1.31% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. acquired a new stake in Prologis during the first quarter valued at $106,000. Signaturefd LLC acquired a new stake in Prologis during the first quarter valued at $142,000. Virtue Capital Management LLC acquired a new stake in Prologis during the fourth quarter valued at $143,000. Parallel Advisors LLC grew its position in Prologis by 66.3% during the fourth 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. Finally, Bronfman E.L. Rothschild L.P. grew its position in Prologis by 75.5% during the fourth 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. Hedge funds and other institutional investors own 96.60% of the company’s stock.
Prologis Company Profile
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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