November 28, 2016 - By Michael Collier
Equities researchers at Baird’s equities research division boosted Prologis (NYSE:PLD)‘s stock from a Neutral to Outperform on Monday, 28 November.
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 -1.05% below today’s ($50.36) stock price. Prologis has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, January 27. The company was maintained on Wednesday, October 21 by Stifel Nicolaus. The rating was upgraded by Cowen & Co to “Outperform” on Thursday, July 23. The stock has “Market Perform” rating given by Wells Fargo on Monday, November 30. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Tuesday, October 18 by Evercore. The firm has “Equal-Weight” rating given on Wednesday, May 18 by Capital One. The firm has “Equal Weight” rating given on Monday, October 17 by CapitalOne. The company was upgraded on Wednesday, July 22 by Robert W. Baird. The stock of Prologis Inc (NYSE:PLD) has “Hold” rating given on Friday, January 22 by Jefferies. Suntrust Robinson downgraded Prologis Inc (NYSE:PLD) on Thursday, June 30 to “Neutral” rating.
About 1.30M shares traded hands. 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 EPS, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $332.96M for 19.98 P/E if the $0.63 EPS becomes a reality. After $0.73 actual EPS 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 Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio is negative, 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.
Westport Res Inc reported 183 shares or 0% of all its holdings. State Common Retirement Fund holds 1.28M shares or 0.09% of its portfolio. Twin Tree Mngmt L P has invested 0% of its portfolio in Prologis Inc (NYSE:PLD). California State Teachers Retirement last reported 1.14 million shares in the company. Suntrust Banks last reported 0.02% of its portfolio in the stock. Cullinan Assoc Inc has 139,300 shares for 0.56% of their US portfolio. Allianz Asset Mgmt Ag last reported 0.01% of its portfolio in the stock. Blackrock Advsr Ltd Limited Liability Company has invested 0.02% of its portfolio in Prologis Inc (NYSE:PLD). Oakbrook Invests Limited Liability Company has 0.08% invested in the company for 29,917 shares. Bartlett Communication Ltd Liability Corporation holds 0% or 600 shares in its portfolio. Balyasny Asset Limited Com accumulated 0.02% or 60,570 shares. Ing Groep Nv accumulated 0.1% or 158,580 shares. Moody Commercial Bank Division accumulated 0.05% or 16,430 shares. Duff & Phelps Mngmt reported 1.15M shares or 0.84% of all its holdings. Farmers And Merchants Invests accumulated 0% or 60 shares.
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 $26.62 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 30.17 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.”
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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