Rating Change: Is Prologis (NYSE:PLD) Worth Your Time After Placed Robert W. Baird’s Upgrade?

November 28, 2016 - By Ellis Scott

Rating Change:  Is Prologis (NYSE:PLD) Worth Your Time After Placed Robert W. Baird's Upgrade?

Prologis (NYSE:PLD) Upgrade

New York-listed Prologis (NYSE:PLD), was upped by stock analysts at Robert W. Baird. Robert W. Baird upped its rating on the $26.27 billion market cap company to a “Outperform” from a previous “Neutral”, but maintained its TP of $55.0 on PLD shares.

Prologis Inc (NYSE:PLD) Ratings Coverage

Out of 20 analysts covering Prologis (NYSE:PLD), 10 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 50% are positive. $60 is the highest target while $41 is the lowest. The $49.83 average target is 0.26% above today’s ($49.7) stock price. Prologis has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Robert W. Baird upgraded Prologis Inc (NYSE:PLD) on Wednesday, July 22 to “Outperform” rating. The company was maintained on Wednesday, January 27 by Oppenheimer. On Friday, July 1 the stock rating was downgraded by UBS to “Neutral”. The rating was maintained by Stifel Nicolaus on Wednesday, October 21 with “Buy”. The rating was initiated by BTIG Research with “Buy” on Thursday, August 25. Goldman Sachs downgraded the stock to “Sell” rating in Monday, December 14 report. Bank of America downgraded the stock to “Neutral” rating in Friday, June 24 report. As per Wednesday, January 27, the company rating was maintained by Stifel Nicolaus. CapitalOne upgraded the stock to “Equal Weight” rating in Monday, October 17 report. The rating was upgraded by Evercore on Tuesday, October 18 to “Buy”.

The stock decreased 0.02% or $0.01 on November 25, hitting $49.7. Prologis Inc (NYSE:PLD) has risen 8.54% since April 25, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on January, 24. They expect $0.63 earnings per share, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $333.00 million for 19.72 P/E if the $0.63 EPS becomes a reality. After $0.73 actual earnings per share reported by Prologis Inc for the previous quarter, Wall Street now forecasts -13.70% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.09, from 1.01 in 2016Q1. The ratio dived, as 35 funds sold all Prologis Inc shares owned while 174 reduced positions. 56 funds bought stakes while 155 increased positions. They now own 520.80 million shares or 0.92% more from 516.05 million shares in 2016Q1.

First Manhattan Com has 0% invested in the company for 7,406 shares. Usa Fin Portformulas holds 59,536 shares or 0.8% of its portfolio. Dai Ichi Life Insurance Ltd accumulated 42,977 shares or 0.06% of the stock. Cornerstone Cap Management Liability Company accumulated 582,938 shares or 0.23% of the stock. Massmutual Tru Com Fsb Adv holds 28,333 shares or 0% of its portfolio. Pggm accumulated 1.91% or 7.63M shares. Hartford Inv Management has 125,892 shares for 0.13% of their US portfolio. Bbr Ltd Llc, a New York-based fund reported 4,293 shares. Pacad Invest Ltd has invested 0.19% of its portfolio in Prologis Inc (NYSE:PLD). Oakbrook Investments Limited Liability Corporation accumulated 29,917 shares or 0.08% of the stock. Aperio Group Ltd Liability Corp last reported 0.09% of its portfolio in the stock. First Mercantile reported 8,547 shares or 0.05% of all its holdings. Fmr Limited Liability Company has invested 0.12% of its portfolio in Prologis Inc (NYSE:PLD). Deere And last reported 23,639 shares in the company. Parametric Associate Ltd Limited Liability Company last reported 1.03 million shares in the company.

Prologis, Inc. is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The company has a market cap of $26.27 billion. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. It has a 29.78 P/E ratio. The Company’s divisions include Real Estate Operations and Strategic Capital.

According to Zacks Investment Research, “Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. The Company had been formed after the merger of AMB Property Corporation and Prologis. Prologis Incorporation is headquartered in San Francisco, California.”

PLD Company Profile

Prologis, Inc., incorporated on November 24, 1997, is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. The Company’s operating divisions include Real Estate Operations and Strategic Capital. The Firm leases distribution facilities to over 5,200 clients across two categories, which include business-to-business and retail/online fulfillment. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world. The Company’s customer base represents a spectrum of international, national, regional and local distribution users.

Another recent and important Prologis Inc (NYSE:PLD) news was published by Prnewswire.com which published an article titled: “Prologis to Host Investor Forum in New York City Nov. 9” on November 07, 2016.

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