Prologis Inc. (NYSE:PLD) – Analysts at KeyCorp increased their FY2017 EPS estimates for Prologis in a research report issued to clients and investors on Friday. KeyCorp analyst C. Mailman now forecasts that the brokerage will post earnings per share of $2.65 for the year, up from their prior estimate of $2.58.

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

Earnings History and Estimates for Prologis (NYSE:PLD)

A number of other equities analysts have also recently issued reports on PLD. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Prologis in a research note on Wednesday, July 20th. Credit Suisse Group AG cut shares of Prologis from an “outperform” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research note on Wednesday, July 20th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Prologis in a research note on Wednesday, July 20th. Royal Bank Of Canada raised their price objective on shares of 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 raised their price objective on shares of Prologis from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.16.

Prologis (NYSE:PLD) opened at 46.38 on Monday. The firm has a market capitalization of $24.52 billion, a P/E ratio of 27.71 and a beta of 1.15. Prologis has a 1-year low of $35.25 and a 1-year high of $54.87. The stock has a 50 day moving average of $51.29 and a 200-day moving average of $50.70.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Prologis by 0.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,333 shares of the company’s stock valued at $1,047,000 after buying an additional 56 shares during the last quarter. BKD Wealth Advisors LLC raised its stake in shares of Prologis by 1.1% in the second quarter. BKD Wealth Advisors LLC now owns 6,354 shares of the company’s stock valued at $312,000 after buying an additional 68 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Prologis by 0.8% in the third quarter. Ropes Wealth Advisors LLC now owns 9,750 shares of the company’s stock valued at $522,000 after buying an additional 82 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Prologis by 1.5% in the second quarter. Johnson Investment Counsel Inc. now owns 7,809 shares of the company’s stock valued at $382,000 after buying an additional 113 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Prologis by 0.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 13,257 shares of the company’s stock valued at $585,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.

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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