Shares of Prologis Inc (NYSE:PLD) have earned a consensus rating of “Buy” from the seventeen analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $71.67.

Several research analysts have recently issued reports on PLD shares. Zacks Investment Research downgraded shares of Prologis from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Scotiabank began coverage on shares of Prologis in a report on Tuesday, October 16th. They set a “sector perform” rating for the company. Deutsche Bank boosted their price objective on shares of Prologis from $66.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, August 24th. Robert W. Baird reissued a “buy” rating and issued a $73.00 price objective on shares of Prologis in a research note on Monday, July 23rd. Finally, Jefferies Financial Group reissued a “$62.97” rating and issued a $79.00 price objective on shares of Prologis in a research note on Wednesday, July 18th.

Shares of NYSE:PLD traded up $0.45 during trading on Monday, hitting $67.57. 2,671,443 shares of the company were exchanged, compared to its average volume of 3,074,196. The company has a market capitalization of $42.23 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 4.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.32 and a current ratio of 0.32. Prologis has a 1-year low of $58.28 and a 1-year high of $68.20.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 16th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $611.00 million during the quarter, compared to the consensus estimate of $582.23 million. Prologis had a net margin of 51.66% and a return on equity of 6.65%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. On average, equities analysts forecast that Prologis will post 3.02 EPS for the current fiscal year.

In related news, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $67.20, for a total value of $1,008,000.00. Following the sale, the chief executive officer now owns 36,685 shares of the company’s stock, valued at $2,465,232. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Irving F. Lyons III sold 4,808 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $67.45, for a total transaction of $324,299.60. Following the completion of the sale, the director now directly owns 9,863 shares in the company, valued at approximately $665,259.35. The disclosure for this sale can be found here. In the last three months, insiders sold 37,907 shares of company stock worth $2,556,878. 1.31% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Preferred LLC boosted its position in Prologis by 141.1% during the second quarter. Advisors Preferred LLC now owns 1,685 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 986 shares during the last quarter. Palo Capital Inc. bought a new stake in Prologis during the third quarter valued at $150,000. Smithfield Trust Co. boosted its position in Prologis by 85.5% during the second quarter. Smithfield Trust Co. now owns 2,319 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 1,069 shares during the last quarter. Kistler Tiffany Companies LLC bought a new stake in Prologis during the third quarter valued at $160,000. Finally, Quadrant Capital Group LLC boosted its position in Prologis by 48.7% during the third quarter. Quadrant Capital Group LLC now owns 2,507 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 821 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 685 million square feet (64 million square meters) in 19 countries.

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Analyst Recommendations for Prologis (NYSE:PLD)

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