Prologis Inc. (NYSE:PLD) – Analysts at Jefferies Group boosted their FY2018 earnings per share (EPS) estimates for Prologis in a note issued to investors on Monday. Jefferies Group analyst J. Petersen now expects that the firm will post earnings per share of $2.91 for the year, up from their prior forecast of $2.86.

Other equities research analysts have also recently issued research reports about the company. Barclays PLC raised their price objective on Prologis from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Prologis in a research note on Wednesday, July 20th. Capital One Financial Corp. raised Prologis from an “underweight” rating to an “equal weight” rating and set a $53.00 target price for the company in a research note on Monday, October 17th. 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. Finally, Credit Suisse Group AG lowered Prologis from an “outperform” rating to a “neutral” rating and set a $48.00 price target for the company. in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.01.

Earnings History and Estimates for Prologis (NYSE:PLD)

Shares of Prologis (NYSE:PLD) traded up 0.42% during mid-day trading on Wednesday, hitting $48.34. 713,253 shares of the stock traded hands. The stock has a market cap of $25.55 billion, a P/E ratio of 28.88 and a beta of 1.15. The firm’s 50 day moving average price is $50.77 and its 200-day moving average price is $50.79. Prologis has a 12-month low of $35.25 and a 12-month high of $54.87.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BKD Wealth Advisors LLC increased its stake in 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 in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Prologis by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 448,796 shares of the company’s stock valued at $22,009,000 after buying an additional 6,003 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Prologis by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 135,991 shares of the company’s stock valued at $6,669,000 after buying an additional 8,221 shares in the last quarter. DNB Asset Management AS increased its stake in Prologis by 1.5% in the second quarter. DNB Asset Management AS now owns 53,598 shares of the company’s stock valued at $2,029,000 after buying an additional 800 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its stake in Prologis by 1.4% in the second quarter. British Columbia Investment Management Corp now owns 334,389 shares of the company’s stock valued at $16,398,000 after buying an additional 4,505 shares in the last quarter. Institutional investors and hedge funds 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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