Prologis, Inc. (NYSE:PLD) – Research analysts at Cantor Fitzgerald dropped their FY2017 earnings estimates for shares of Prologis in a report issued on Wednesday. Cantor Fitzgerald analyst G. Mehta now anticipates that the real estate investment trust will post earnings per share of $2.80 for the year, down from their prior forecast of $2.82.

Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Prologis from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Prologis from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Monday, July 31st. KeyCorp raised their price target on shares of Prologis from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 price target on shares of Prologis in a research note on Thursday, July 6th. Finally, SunTrust Banks, Inc. raised shares of Prologis from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $63.80.

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Shares of Prologis (NYSE:PLD) opened at 64.44 on Monday. The firm has a 50-day moving average of $64.31 and a 200-day moving average of $59.33. Prologis has a 1-year low of $45.93 and a 1-year high of $65.63. The firm has a market capitalization of $35.71 billion, a PE ratio of 19.32 and a beta of 0.92.

Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.67. The firm had revenue of $531.18 million during the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a net margin of 68.50% and a return on equity of 9.92%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, September 15th. Prologis’s payout ratio is presently 52.85%.

In other news, Director Carl B. Webb sold 20,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was 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 owns 66,078 shares of the company’s stock, valued at approximately $4,055,867.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Creative Planning lifted its holdings in Prologis by 3.4% during the 2nd quarter. Creative Planning now owns 2,078 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 69 shares during the last quarter. Evercore Wealth Management LLC lifted its holdings in Prologis by 18.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 350 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in Prologis by 82.0% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,718 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 1,225 shares during the last quarter. Solaris Asset Management LLC lifted its holdings in Prologis by 11.0% during the 2nd quarter. Solaris Asset Management LLC now owns 3,135 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 310 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in Prologis by 40.7% during the 2nd quarter. IFP Advisors Inc now owns 3,164 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 915 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

Prologis Company Profile

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.

Earnings History and Estimates for Prologis (NYSE:PLD)

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