Several analysts have recently updated their ratings and price targets for Prologis (NYSE: PLD):

  • 9/29/2017 – Prologis had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $65.00 price target on the stock.
  • 9/27/2017 – Prologis had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $68.00 price target on the stock, up previously from $62.00.
  • 9/26/2017 – Prologis was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Prologis have outperformed the industry it belongs to, year to date. The stock has seen the Zacks Consensus Estimate for current-year funds from operations (FFO) per share remaining unchanged in a month’s time. In August, the company announced the acquisition of its partner’s stake in the Brazil portfolio, which enabled the company gain full ownership of Prologis CCP. Further, the company completed 20 build-to-suit development projects in the first half of the year. Amid an improving industrial market, Prologis is well poised to benefit from its capacity to offer modern distribution facilities in strategic infill locations. However, increase in supply of new facilities and stiff competition from other markets participants remain concerns. Further, unfavorable foreign exchange movements and hike in interest rates remain risks.”
  • 9/25/2017 – Prologis was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “Shares of Prologis have outperformed the industry it belongs to, year to date. The stock has seen the Zacks Consensus Estimate for current-year funds from operations (FFO) per share being revised upward in two months’ time. In August, the company completed the acquisition of its partner’s stake in the Brazil portfolio. This move enabled the company gain full ownership of Prologis CCP, which was a joint venture between Prologis and Cyrela Commercial Properties. Further, the company’s build-to-suit activity also remained solid in 2017, with the company completing 20 such development projects in the first half. These projects included over 7 million square feet of space. Amid an improving industrial market, Prologis is well poised to benefit from its capacity to offer modern distribution facilities in strategic infill locations. However, increase in supply of new facilities and hike in interest rates remain concerns.”
  • 9/21/2017 – Prologis had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $65.00 price target on the stock.
  • 9/11/2017 – Prologis is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $69.00 price target on the stock.
  • 9/5/2017 – Prologis was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock.
  • 8/27/2017 – Prologis had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $65.00 price target on the stock.
  • 8/24/2017 – Prologis had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $66.00 price target on the stock, up previously from $59.00.
  • 8/18/2017 – Prologis was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Prologis, Inc. (NYSE PLD) opened at 63.69 on Wednesday. The stock has a market capitalization of $33.87 billion, a P/E ratio of 28.59 and a beta of 0.92. Prologis, Inc. has a 12-month low of $45.93 and a 12-month high of $65.49. The firm’s 50-day moving average is $63.38 and its 200-day moving average is $58.15.

Prologis (NYSE:PLD) last released its earnings results on Tuesday, July 18th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The firm had revenue of $766.18 million for the quarter, compared to analysts’ expectations of $576.00 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. Analysts predict that Prologis, Inc. will post ($0.27) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, September 15th. Prologis’s dividend payout ratio is presently 79.28%.

In related news, Director Carl B. Webb sold 20,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $61.38, for a total value of $1,227,600.00. Following the transaction, the director now owns 66,078 shares in the company, valued at approximately $4,055,867.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.31% of the stock is owned by insiders.

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.