Shares of Prologis Inc (NYSE:PLD) have been assigned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $66.08.

A number of equities analysts have commented on PLD shares. BidaskClub raised Prologis from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Jefferies Group reissued a “hold” rating and set a $66.00 target price (up from $59.00) on shares of Prologis in a research note on Thursday, August 24th. KeyCorp reissued a “buy” rating and set a $65.00 target price on shares of Prologis in a research note on Sunday, August 27th. SunTrust Banks raised Prologis from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Tuesday, September 5th. Finally, BMO Capital Markets initiated coverage on Prologis in a research note on Monday, September 11th. They set an “outperform” rating and a $69.00 target price on the stock.

In other Prologis news, CEO Eugene F. Reilly sold 18,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $66.55, for a total value of $1,197,900.00. Following the sale, the chief executive officer now directly owns 63,365 shares of the company’s stock, valued at $4,216,940.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the sale, the chief executive officer now directly owns 63,365 shares in the company, valued at $4,220,742.65. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC boosted its holdings in Prologis by 6.7% in the third quarter. Parametric Portfolio Associates LLC now owns 1,209,902 shares of the real estate investment trust’s stock worth $76,780,000 after acquiring an additional 75,567 shares in the last quarter. AXA boosted its holdings in Prologis by 11.8% in the third quarter. AXA now owns 607,941 shares of the real estate investment trust’s stock worth $38,580,000 after acquiring an additional 64,245 shares in the last quarter. Shelton Capital Management bought a new stake in Prologis in the third quarter worth $458,000. Public Employees Retirement System of Ohio boosted its holdings in Prologis by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 829,053 shares of the real estate investment trust’s stock worth $52,612,000 after acquiring an additional 12,639 shares in the last quarter. Finally, Archford Capital Strategies LLC bought a new stake in Prologis in the third quarter worth $497,000. 95.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prologis (PLD) traded up $0.07 during trading on Friday, reaching $65.98. The company’s stock had a trading volume of 4,537,900 shares, compared to its average volume of 2,394,658. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a market cap of $34,989.71, a PE ratio of 23.74, a P/E/G ratio of 4.31 and a beta of 0.91. Prologis has a 1-year low of $48.33 and a 1-year high of $67.53.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 17th. The real estate investment trust reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. The business had revenue of $531.18 million for the quarter, compared to analysts’ expectations of $573.68 million. Prologis had a return on equity of 9.93% and a net margin of 68.50%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. sell-side analysts forecast that Prologis will post 2.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, December 15th. This represents a $1.76 annualized dividend and a dividend yield of 2.67%. Prologis’s dividend payout ratio is presently 52.85%.

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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.

Analyst Recommendations for Prologis (NYSE:PLD)

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