Prologis, Inc. (NYSE:PLD) received a $69.00 target price from equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 6.15% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. SunTrust Banks, Inc. upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Prologis from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Monday, July 31st. Bank of America Corporation upgraded shares of Prologis from a “neutral” rating to a “buy” rating and upped their price objective for the company from $58.00 to $65.00 in a research note on Friday, June 23rd. KeyCorp restated a “buy” rating and issued a $65.00 price objective on shares of Prologis in a research note on Friday, September 29th. Finally, BidaskClub downgraded shares of Prologis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Prologis currently has an average rating of “Buy” and an average target price of $62.50.

Prologis (NYSE:PLD) traded down 1.25% during mid-day trading on Tuesday, hitting $64.19. The stock had a trading volume of 492,031 shares. The stock has a market cap of $34.14 billion, a P/E ratio of 28.81 and a beta of 0.92. The firm has a 50-day moving average of $64.05 and a 200-day moving average of $58.97. Prologis has a 52-week low of $45.93 and a 52-week high of $65.63.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $531.18 million during the quarter, compared to the consensus estimate of $573.68 million. Prologis had a net margin of 43.99% and a return on equity of 6.65%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. On average, analysts forecast that Prologis will post ($0.27) EPS for the current fiscal year.

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In other 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 completion of the sale, the director now directly owns 66,078 shares of the company’s stock, valued at $4,055,867.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.31% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. raised its holdings in shares of Prologis by 0.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 8,929 shares of the real estate investment trust’s stock valued at $524,000 after buying an additional 52 shares during the last quarter. Creative Planning raised its holdings in shares of Prologis by 3.4% in the second quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 69 shares during the last quarter. National Asset Management Inc. raised its holdings in shares of Prologis by 1.5% in the second quarter. National Asset Management Inc. now owns 5,137 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 75 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Prologis by 0.5% in the second quarter. LS Investment Advisors LLC now owns 15,478 shares of the real estate investment trust’s stock valued at $908,000 after buying an additional 76 shares during the last quarter. Finally, BKD Wealth Advisors LLC raised its holdings in shares of Prologis by 1.3% in the second quarter. BKD Wealth Advisors LLC now owns 6,091 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 77 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

About Prologis

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.

Analyst Recommendations for Prologis (NYSE:PLD)

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