Prologis Inc. (NYSE:PLD) was upgraded by investment analysts at Capital One Financial Corp. from an “underweight” rating to an “equal weight” rating in a research note issued on Monday.

Several other research firms also recently commented on PLD. Barclays PLC increased their price objective on shares of Prologis from $58.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, July 26th. Bank of America Corp. downgraded shares of Prologis from a “buy” rating to a “neutral” rating in a report on Friday, June 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Prologis in a report on Wednesday, July 20th. Morgan Stanley set a $58.00 price objective on shares of Prologis and gave the company a “buy” rating in a report on Tuesday, September 6th. Finally, Deutsche Bank AG downgraded shares of Prologis from a “buy” rating to a “hold” rating and increased their price objective for the company from $48.00 to $50.00 in a report on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.26.

Analyst Recommendations for Prologis (NYSE:PLD)

Prologis (NYSE:PLD) opened at 50.87 on Monday. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 31.06 and a beta of 1.30. Prologis has a 12-month low of $35.25 and a 12-month high of $54.87. The stock has a 50 day moving average price of $52.41 and a 200-day moving average price of $49.81.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, September 15th. Prologis’s payout ratio is 103.07%.

In related news, CEO Hamid R. Moghadam sold 446,991 shares of Prologis stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $54.35, for a total transaction of $24,293,960.85. Following the transaction, the chief executive officer now directly owns 446,991 shares of the company’s stock, valued at $24,293,960.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary E. Anderson sold 33,043 shares of Prologis stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $54.28, for a total transaction of $1,793,574.04. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

A number of institutional investors have recently modified their holdings of PLD. Sarasin & Partners LLP increased its stake in shares of Prologis by 1.2% in the third quarter. Sarasin & Partners LLP now owns 436,004 shares of the company’s stock valued at $23,344,000 after buying an additional 5,197 shares during the period. National Pension Service increased its stake in shares of Prologis by 9.0% in the third quarter. National Pension Service now owns 383,465 shares of the company’s stock valued at $20,531,000 after buying an additional 31,517 shares during the period. Duff & Phelps Investment Management Co. increased its stake in shares of Prologis by 40.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,614,965 shares of the company’s stock valued at $86,465,000 after buying an additional 468,231 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Prologis during the third quarter valued at $4,529,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of Prologis by 0.9% in the third quarter. Gulf International Bank UK Ltd now owns 157,858 shares of the company’s stock valued at $8,451,000 after buying an additional 1,400 shares during the period. 99.83% of the stock is currently owned by institutional investors.

Prologis Company Profile

Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.

5 Day Chart for NYSE:PLD

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