Stock analysts at Morgan Stanley began coverage on shares of Prologis (NYSE:PLD) in a report released on Wednesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $100.00 price target on the real estate investment trust’s stock. Morgan Stanley’s target price would indicate a potential upside of 2.59% from the stock’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, January 20th. Royal Bank of Canada set a $96.00 target price on Prologis and gave the stock a “buy” rating in a research report on Friday, October 18th. KeyCorp upped their price target on Prologis from $96.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. BTIG Research upped their price target on Prologis from to and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, SunTrust Banks upped their price target on Prologis from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $96.79.

Shares of NYSE:PLD traded up $1.01 during trading on Wednesday, hitting $97.48. The stock had a trading volume of 149,393 shares, compared to its average volume of 3,884,870. Prologis has a 12 month low of $68.96 and a 12 month high of $97.35. The company has a market capitalization of $61.23 billion, a PE ratio of 39.50, a PEG ratio of 4.26 and a beta of 1.02. The firm’s fifty day moving average is $92.35 and its 200 day moving average is $87.82. The company has a quick ratio of 1.27, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. Prologis had a return on equity of 6.08% and a net margin of 47.23%. The firm had revenue of $728.00 million during the quarter, compared to analyst estimates of $727.32 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Prologis will post 3.72 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC boosted its stake in shares of Prologis by 13.7% in the 4th quarter. Penserra Capital Management LLC now owns 856 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Prologis by 4.1% in the 4th quarter. Assetmark Inc. now owns 2,868 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 114 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Prologis by 1.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,850 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 120 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Prologis by 0.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 17,905 shares of the real estate investment trust’s stock worth $1,596,000 after buying an additional 121 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Prologis by 23.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 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 768 million square feet (71 million square meters) in 19 countries.

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Analyst Recommendations for Prologis (NYSE:PLD)

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