Prologis Inc. (NYSE:PLD)‘s stock had its “positive” rating restated by equities research analysts at BTIG Research in a research report issued on Friday. They currently have a $57.00 price target on the stock. BTIG Research’s target price would indicate a potential upside of 19.20% from the stock’s current price.

Other analysts also recently issued research reports about the company. RBC Capital Markets reiterated an “outperform” rating and set a $55.00 price target (up previously from $48.00) on shares of Prologis in a research note on Tuesday, July 26th. Barclays PLC boosted 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. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $57.00 price target on shares of Prologis in a research note on Wednesday, November 2nd. Cantor Fitzgerald reiterated a “buy” rating and set a $55.00 price target on shares of Prologis in a research note on Wednesday, July 20th. Finally, Royal Bank Of Canada boosted 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. Prologis currently has a consensus rating of “Hold” and an average target price of $51.01.

Analyst Recommendations for Prologis (NYSE:PLD)

Shares of Prologis (NYSE:PLD) opened at 47.82 on Friday. The company’s 50-day moving average price is $51.29 and its 200 day moving average price is $50.70. The company has a market cap of $25.28 billion, a P/E ratio of 28.57 and a beta of 1.15. Prologis has a 52 week low of $35.25 and a 52 week high of $54.87.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The business had revenue of $705 million for 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 company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. Equities research analysts anticipate that Prologis will post ($0.27) earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of PLD. Panagora Asset Management Inc. raised its stake in Prologis by 511.7% in the third quarter. Panagora Asset Management Inc. now owns 237,734 shares of the company’s stock worth $12,728,000 after buying an additional 198,868 shares during the period. Highbridge Capital Management LLC raised its stake in Prologis by 67.0% in the third quarter. Highbridge Capital Management LLC now owns 74,346 shares of the company’s stock worth $3,980,000 after buying an additional 29,834 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Prologis by 15.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 390,447 shares of the company’s stock worth $20,905,000 after buying an additional 50,997 shares during the period. Nuveen Fund Advisors LLC raised its stake in Prologis by 28.5% in the third quarter. Nuveen Fund Advisors LLC now owns 15,913 shares of the company’s stock worth $852,000 after buying an additional 3,531 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its stake in Prologis by 1.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 135,955 shares of the company’s stock worth $7,279,000 after buying an additional 2,592 shares during the period. Institutional investors and hedge funds own 99.18% of the company’s stock.

About Prologis

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.

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