Prologis Inc (NYSE:PLD) – Equities research analysts at KeyCorp lifted their Q1 2018 earnings estimates for shares of Prologis in a report released on Monday. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will post earnings per share of $0.73 for the quarter, up from their prior estimate of $0.67. KeyCorp currently has a “Buy” rating and a $72.00 target price on the stock. KeyCorp also issued estimates for Prologis’ Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.72 EPS and Q4 2018 earnings at $0.75 EPS.
Other research analysts also recently issued research reports about the stock. Barclays boosted their target price on shares of Prologis from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Cantor Fitzgerald set a $69.00 target price on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, January 23rd. BMO Capital Markets set a $68.00 target price on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Robert W. Baird boosted their target price on shares of Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, Jefferies Group restated a “neutral” rating on shares of Prologis in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.06.
Prologis (NYSE:PLD) last released its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The company had revenue of $550.65 million for the quarter, compared to the consensus estimate of $533.54 million. During the same quarter in the previous year, the company earned $0.63 EPS. Prologis’s quarterly revenue was down 1.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Prologis by 66.3% in the 4th quarter. Parallel Advisors LLC now owns 2,509 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 1,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Prologis by 75.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,678 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 1,152 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Prologis in the 4th quarter worth $200,000. Segment Wealth Management LLC bought a new stake in shares of Prologis in the 3rd quarter worth $213,000. Finally, BB&T Securities LLC bought a new stake in shares of Prologis in the 3rd quarter worth $213,000. Hedge funds and other institutional investors own 95.17% of the company’s stock.
In other Prologis news, CEO Eugene F. Reilly sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total transaction of $999,150.00. Following the completion of the sale, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward S. Nekritz sold 15,752 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $64.51, for a total transaction of $1,016,161.52. Following the completion of the sale, the insider now owns 146,414 shares of the company’s stock, valued at approximately $9,445,167.14. The disclosure for this sale can be found here. Insiders have sold a total of 103,872 shares of company stock valued at $6,843,648 in the last 90 days. 1.31% of the stock is currently owned by company insiders.
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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.
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