Prologis Inc (NYSE:PLD) – Equities researchers at Jefferies Financial Group lifted their Q1 2020 EPS estimates for Prologis in a note issued to investors on Tuesday, November 5th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.89 for the quarter, up from their previous forecast of $0.87. Jefferies Financial Group also issued estimates for Prologis’ Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.91 EPS, Q4 2020 earnings at $0.93 EPS, FY2020 earnings at $3.63 EPS, Q1 2021 earnings at $0.94 EPS, Q2 2021 earnings at $0.96 EPS, Q3 2021 earnings at $0.97 EPS and FY2021 earnings at $3.86 EPS.
Several other equities analysts have also recently issued reports on the company. Citigroup raised their price target on Prologis from $86.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Co raised their price target on Prologis from $84.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, October 17th. Deutsche Bank raised their price target on Prologis from $82.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Royal Bank of Canada set a $96.00 price target on Prologis and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Evercore ISI upgraded Prologis from an “in-line” rating to an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.58.
Prologis stock traded down $0.19 during mid-day trading on Friday, hitting $87.07. The stock had a trading volume of 2,145,334 shares, compared to its average volume of 2,394,095. The stock has a 50-day simple moving average of $87.00 and a two-hundred day simple moving average of $81.59. The stock has a market capitalization of $54.27 billion, a PE ratio of 28.74, a P/E/G ratio of 4.52 and a beta of 0.99. Prologis has a 12 month low of $55.21 and a 12 month high of $92.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44.
Prologis (NYSE:PLD) last announced its earnings results on Tuesday, October 15th. The real estate investment trust reported $0.71 EPS for the quarter, topping the consensus estimate of $0.48 by $0.23. The company had revenue of $712.00 million for the quarter, compared to analysts’ expectations of $715.40 million. Prologis had a return on equity of 6.92% and a net margin of 53.87%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share.
A number of large investors have recently added to or reduced their stakes in PLD. Sandy Spring Bank acquired a new position in Prologis in the third quarter valued at about $33,000. Prestige Wealth Management Group LLC acquired a new position in Prologis in the second quarter valued at about $39,000. Hexavest Inc. acquired a new position in Prologis in the second quarter valued at about $42,000. HM Payson & Co. acquired a new position in Prologis in the second quarter valued at about $43,000. Finally, Coastal Investment Advisors Inc. lifted its stake in Prologis by 1,772.2% in the second quarter. Coastal Investment Advisors Inc. now owns 674 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 638 shares during the period. 95.64% of the stock is currently owned by hedge funds and other institutional investors.
Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 768 million square feet (71 million square meters) in 19 countries.
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