November 28, 2016 - By Michael Collier
Robert W. Baird boosted Prologis (NYSE:PLD)‘s stock to a Outperform rating from Neutral. The ratings change was shared with investors in a analysts report today. The firm from today has $55 target price on the stock.
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. As per Thursday, June 30, the company rating was downgraded by Suntrust Robinson. The rating was initiated by BTIG Research with “Buy” on Thursday, August 25. Bank of America downgraded the stock to “Neutral” rating in Friday, June 24 report. On Wednesday, January 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Prologis Inc (NYSE:PLD) has “Hold” rating given on Thursday, November 12 by BB&T Capital. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, September 9. Evercore upgraded the shares of PLD in a report on Tuesday, October 18 to “Buy” rating. Goldman Sachs downgraded the shares of PLD in a report on Monday, December 14 to “Sell” rating. The firm has “Neutral” rating by UBS given on Friday, July 1. The firm earned “Hold” rating on Friday, September 4 by TheStreet.
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 $333.00M 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.
Rafferty Asset Mngmt Ltd Llc holds 0.19% or 56,328 shares in its portfolio. City Holdg Company has invested 0% of its portfolio in Prologis Inc (NYSE:PLD). Meiji Yasuda Asset owns 30,606 shares or 0.21% of their US portfolio. The Michigan-based Usa Financial Portformulas Corp has invested 0.8% in Prologis Inc (NYSE:PLD). Natixis accumulated 219,168 shares or 0.2% of the stock. Gsa Prtnrs Ltd Liability Partnership holds 0.21% or 75,935 shares in its portfolio. Teacher Retirement Systems Of Texas has 0.14% invested in the company for 419,208 shares. California Employees Retirement System has 0.1% invested in the company for 1.30M shares. Veritable Limited Partnership has 43,641 shares for 0.05% of their US portfolio. Calamos Advsr Ltd Llc accumulated 60,887 shares or 0.02% of the stock. Credit Agricole S A holds 0.06% of its portfolio in Prologis Inc (NYSE:PLD) for 332,126 shares. The France-based Exane Derivatives has invested 0% in Prologis Inc (NYSE:PLD). Commonwealth Equity Ser Incorporated, a Massachusetts-based fund reported 8,093 shares. Fil Limited holds 451,539 shares or 0.07% of its portfolio. Ontario Teachers Pension Plan Board has invested 0.07% of its portfolio in Prologis Inc (NYSE:PLD).
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.”
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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