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Prologis (NYSE:PLD) reached a new 52-week high during trading on Thursday , Analyst Ratings News reports. The company traded as high as $42.22 and last traded at $42.14, with a volume of 925,964 shares changing hands. The stock had previously closed at $41.38.

A number of research firms have recently commented on PLD. Analysts at Imperial Capital reiterated an “underperform” rating on shares of Prologis in a research note on Wednesday, May 28th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at TheStreet downgraded shares of Prologis from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, analysts at Stifel Nicolaus downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Prologis has an average rating of “Hold” and an average target price of $41.14.

The stock’s 50-day moving average is $41.09 and its 200-day moving average is $39.50. The company has a market cap of $21.252 billion and a P/E ratio of 417.98.

Prologis (NYSE:PLD) last announced its earnings results on Tuesday, April 22nd. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.01. The company had revenue of $434.68 million for the quarter, compared to the consensus estimate of $490.62 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Analysts expect that Prologis will post $1.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, June 9th.

Prologis, Inc (NYSE:PLD) and the general partner of the Prologis, L.

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