Prologis Inc. (NYSE:PLD) – Capital One Financial Corp. raised their FY2016 EPS estimates for Prologis in a report issued on Monday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings per share of $2.57 for the year, up from their prior forecast of $2.56. Capital One Financial Corp. has a “Equal Weight” rating and a $53.00 price objective on the stock. Capital One Financial Corp. also issued estimates for Prologis’ Q4 2016 earnings at $0.62 EPS.

A number of other equities research analysts have also recently weighed in on PLD. JPMorgan Chase & Co. restated a “buy” rating on shares of Prologis in a research note on Wednesday, July 20th. Credit Suisse Group AG cut Prologis from an “outperform” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Wednesday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and issued a $55.00 price target on shares of Prologis in a research note on Wednesday, July 20th. Royal Bank Of Canada increased their price target on Prologis from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Finally, Barclays PLC increased their price target on Prologis from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Prologis has a consensus rating of “Hold” and a consensus price target of $51.16.

Earnings History and Estimates for Prologis (NYSE:PLD)

Prologis (NYSE:PLD) opened at 47.01 on Thursday. The company’s 50 day moving average price is $51.51 and its 200-day moving average price is $50.70. Prologis has a 52 week low of $35.25 and a 52 week high of $54.87. The company has a market capitalization of $24.85 billion, a P/E ratio of 28.08 and a beta of 1.15.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. The company earned $705 million during the quarter, compared to the consensus estimate of $221.07 million. Prologis had a return on equity of 4.86% and a net margin of 34.73%. The firm’s revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS.

Hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC raised its stake in shares of Prologis by 7.6% in the second quarter. Evercore Wealth Management LLC now owns 2,065 shares of the company’s stock worth $101,000 after buying an additional 145 shares in the last quarter. Solaris Asset Management LLC purchased a new stake in shares of Prologis during the third quarter worth about $131,000. Global X Management Co. LLC raised its stake in shares of Prologis by 63.4% in the second quarter. Global X Management Co. LLC now owns 2,852 shares of the company’s stock worth $140,000 after buying an additional 1,107 shares in the last quarter. Creative Planning raised its stake in shares of Prologis by 12.7% in the second quarter. Creative Planning now owns 2,889 shares of the company’s stock worth $142,000 after buying an additional 325 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Prologis during the second quarter worth about $149,000. 99.18% of the stock is currently owned by hedge funds and other 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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