Prologis Inc (NYSE:PLD) Receives $74.63 Consensus Target Price from Brokerages

Share on StockTwits

Prologis Inc (NYSE:PLD) has earned an average rating of “Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $76.71.

PLD has been the subject of a number of analyst reports. Deutsche Bank set a €133.00 ($154.65) target price on shares of Deutsche Boerse and gave the company a “buy” rating in a research report on Thursday. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 target price for the company. Morgan Stanley downgraded shares of Meili from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $14.00 to $4.20 in a research report on Monday, June 3rd. Citigroup set a $86.00 target price on shares of Prologis and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets cut their target price on shares of Wells Fargo & Co to $59.00 and set a “market perform” rating for the company in a research note on Wednesday.

Shares of PLD stock traded up $0.49 during trading hours on Friday, hitting $82.10. 46,895 shares of the company were exchanged, compared to its average volume of 2,349,346. The company has a 50 day moving average of $79.51. The company has a quick ratio of 0.36, a current ratio of 0.20 and a debt-to-equity ratio of 0.43. Prologis has a 52 week low of $55.21 and a 52 week high of $83.99. The stock has a market cap of $51.48 billion, a P/E ratio of 27.08, a PEG ratio of 4.54 and a beta of 1.03.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.16). Prologis had a return on equity of 6.55% and a net margin of 55.04%. The company had revenue of $700.69 million for the quarter, compared to the consensus estimate of $704.19 million. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts forecast that Prologis will post 3.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, June 12th. Prologis’s dividend payout ratio (DPR) is 69.97%.

In related news, Director Philip L. Hawkins sold 9,000 shares of Prologis stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $78.72, for a total transaction of $708,480.00. Following the sale, the director now directly owns 35,511 shares of the company’s stock, valued at approximately $2,795,425.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Nekritz sold 30,671 shares of Prologis stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total transaction of $2,300,631.71. Following the sale, the insider now directly owns 21,121 shares in the company, valued at $1,584,286.21. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. grew its holdings in Prologis by 8.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,601 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 130 shares during the last quarter. National Asset Management Inc. lifted its position in shares of Prologis by 2.9% in the 1st quarter. National Asset Management Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 135 shares during the period. Avitas Wealth Management LLC lifted its position in shares of Prologis by 0.3% in the 1st quarter. Avitas Wealth Management LLC now owns 40,105 shares of the real estate investment trust’s stock worth $2,886,000 after purchasing an additional 138 shares during the period. Exane Derivatives lifted its position in shares of Prologis by 18.8% in the 2nd quarter. Exane Derivatives now owns 968 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 153 shares during the period. Finally, Ashfield Capital Partners LLC lifted its position in shares of Prologis by 1.8% in the 1st quarter. Ashfield Capital Partners LLC now owns 8,550 shares of the real estate investment trust’s stock worth $615,000 after purchasing an additional 155 shares during the period. 95.42% of the stock is currently owned by institutional investors.

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, 2018, 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 768 million square feet (71 million square meters) in 19 countries.

Further Reading: Price-Sales Ratio

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.



Latest News

BidaskClub Lowers Mimecast  to Hold
BidaskClub Lowers Mimecast to Hold
CIM Commercial Trust  Rating Increased to Buy at BidaskClub
CIM Commercial Trust Rating Increased to Buy at BidaskClub
First of Long Island  Stock Rating Upgraded by BidaskClub
First of Long Island Stock Rating Upgraded by BidaskClub
Activision Blizzard  Rating Lowered to Hold at BidaskClub
Activision Blizzard Rating Lowered to Hold at BidaskClub
First of Long Island  Stock Rating Upgraded by BidaskClub
First of Long Island Stock Rating Upgraded by BidaskClub
Activision Blizzard  Rating Lowered to Hold at BidaskClub
Activision Blizzard Rating Lowered to Hold at BidaskClub


 
© 2006-2019 Zolmax.