Brokers Offer Predictions for Prologis Inc.’s Q1 2017 Earnings (PLD)
Prologis Inc. (NYSE:PLD) – Equities research analysts at Capital One Financial Corp. issued their Q1 2017 earnings per share estimates for Prologis in a report released on Thursday. Capital One Financial Corp. analyst T. Lesnick anticipates that the brokerage will post earnings per share of $0.63 for the quarter. Capital One Financial Corp. currently has a “Equal Weight” rating and a $53.00 price target on the stock. Capital One Financial Corp. also issued estimates for Prologis’ Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.65 EPS and Q4 2017 earnings at $0.70 EPS.
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 business earned $705 million during the quarter, compared to analysts’ expectations of $221.07 million. Prologis had a return on equity of 4.86% and a net margin of 34.73%. The firm’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 earnings per share.
A number of other research analysts have also recently commented on the company. Cantor Fitzgerald set a $55.00 target price on Prologis and gave the company a “buy” rating in a research note on Thursday, November 10th. BTIG Research reaffirmed a “positive” rating and set a $57.00 target price on shares of Prologis in a research note on Friday, November 11th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $57.00 target price on shares of Prologis in a research note on Wednesday, November 2nd. Evercore ISI raised Prologis from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Tuesday, October 18th. Finally, Morgan Stanley set a $58.00 target price on Prologis and gave the company a “buy” rating in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. Prologis currently has an average rating of “Hold” and a consensus target price of $51.01.
Prologis (NYSE:PLD) opened at 48.04 on Monday. The firm’s 50-day moving average price is $51.29 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 stock has a market cap of $25.39 billion, a PE ratio of 28.70 and a beta of 1.15.
Several hedge funds have recently modified their holdings of PLD. Vanguard Group Inc. raised its stake in shares of Prologis by 2.3% in the second quarter. Vanguard Group Inc. now owns 73,654,987 shares of the company’s stock valued at $3,612,041,000 after buying an additional 1,623,990 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Prologis by 194.7% in the second quarter. Cohen & Steers Inc. now owns 31,179,168 shares of the company’s stock valued at $1,529,026,000 after buying an additional 20,598,621 shares in the last quarter. FMR LLC raised its stake in shares of Prologis by 22.4% in the second quarter. FMR LLC now owns 18,463,142 shares of the company’s stock valued at $905,433,000 after buying an additional 3,379,560 shares in the last quarter. BlackRock Fund Advisors increased its position in Prologis by 4.2% in the third quarter. BlackRock Fund Advisors now owns 16,213,399 shares of the company’s stock valued at $868,065,000 after buying an additional 653,321 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Prologis by 4.1% in the third quarter. Daiwa Securities Group Inc. now owns 16,076,303 shares of the company’s stock valued at $860,726,000 after buying an additional 638,992 shares during the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.
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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