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.

Earnings History and Estimates for Prologis (NYSE:PLD)

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.

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.

5 Day Chart for NYSE:PLD

Receive News & Stock Ratings for Prologis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis Inc. and related stocks with our FREE daily email newsletter.