FY2018 EPS Estimates for Prologis Inc (PLD) Lifted by KeyCorp

Prologis Inc (NYSE:PLD) – KeyCorp raised their FY2018 earnings estimates for Prologis in a research note issued on Monday. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will post earnings per share of $2.90 for the year, up from their prior forecast of $2.88. KeyCorp has a “Buy” rating and a $72.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird boosted their price objective 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. Cantor Fitzgerald set a $69.00 price objective 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 price objective on shares of Prologis and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Bank of America set a $72.00 price objective on shares of Prologis and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co set a $65.00 price objective on shares of Prologis and gave the company a “hold” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $67.06.

Shares of Prologis (NYSE PLD) traded up $0.20 during trading hours on Thursday, hitting $60.74. 833,480 shares of the company were exchanged, compared to its average volume of 2,780,924. The company has a current ratio of 0.35, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Prologis has a twelve month low of $48.80 and a twelve month high of $67.53. The company has a market cap of $32,549.35, a P/E ratio of 19.78, a PEG ratio of 4.60 and a beta of 0.83.

Prologis (NYSE:PLD) last issued its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $550.65 million for the quarter, compared to analyst estimates of $533.54 million. Prologis had a net margin of 63.11% and a return on equity of 9.11%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS.

In other Prologis news, CEO Eugene F. Reilly sold 15,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $66.61, for a total value of $999,150.00. Following the completion of the transaction, the chief executive officer now owns 63,365 shares in the company, valued at approximately $4,220,742.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William D. Zollars sold 4,020 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the completion of the transaction, the director now owns 20,225 shares of the company’s stock, valued at approximately $1,223,208. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,872 shares of company stock valued at $6,843,648. 1.31% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PLD. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Prologis by 7.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,289 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 626 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Prologis by 5.2% in the second quarter. Bank of Nova Scotia now owns 12,854 shares of the real estate investment trust’s stock valued at $754,000 after acquiring an additional 630 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Prologis by 8.6% in the third quarter. Advisor Group Inc. now owns 10,258 shares of the real estate investment trust’s stock valued at $652,000 after acquiring an additional 815 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of Prologis by 10.9% in the third quarter. Advisor Partners LLC now owns 8,325 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 819 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its holdings in shares of Prologis by 11.9% in the third quarter. Global X MANAGEMENT CO LLC now owns 7,922 shares of the real estate investment trust’s stock valued at $503,000 after acquiring an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

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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.

Earnings History and Estimates for Prologis (NYSE:PLD)

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