November 28, 2016 - By Adrian Mccoy
Robert W. Baird upped Prologis (NYSE:PLD)‘s stock to a Outperform rating from Neutral. The ratings change was issued to clients in a a note today. The firm currently has $55.00 target 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 -1.42% below today’s ($50.55) stock price. Prologis has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Oppenheimer given on Wednesday, January 27. RBC Capital Markets maintained it with “Outperform” rating and $43 target price in Friday, February 5 report. On Wednesday, September 9 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The rating was downgraded by Deutsche Bank on Tuesday, June 21 to “Hold”. The company was downgraded on Monday, December 14 by Goldman Sachs. CapitalOne upgraded Prologis Inc (NYSE:PLD) on Monday, October 17 to “Equal Weight” rating. The company was downgraded on Wednesday, May 18 by Capital One. UBS downgraded the shares of PLD in a report on Friday, July 1 to “Neutral” rating. Evercore downgraded the shares of PLD in a report on Monday, May 23 to “Hold” rating. The stock of Prologis Inc (NYSE:PLD) earned “Overweight” rating by Barclays Capital on Tuesday, July 19.
About 1.67 million 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 earnings per share, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $333.01 million for 20.06 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 Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio turned 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.
Princeton Alpha Lp reported 40,736 shares or 0.36% of all its holdings. Putnam Ltd Liability Co last reported 57,939 shares in the company. American Inv last reported 14,503 shares in the company. Ameriprise Financial holds 0.07% or 2.48M shares in its portfolio. Pacad holds 0.19% of its portfolio in Prologis Inc (NYSE:PLD) for 27,255 shares. Sg Americas Secs Limited Liability Corporation accumulated 0.05% or 139,810 shares. Advsr Asset Incorporated accumulated 0.01% or 11,613 shares. Hgk Asset Management has 5,420 shares for 0.04% of their US portfolio. Automobile Association has 163,661 shares for 0.03% of their US portfolio. Amica Mutual Insurance Co owns 53,546 shares or 0.25% of their US portfolio. Moreover, Caisse De Depot Et Placement Du Quebec has 0.01% invested in Prologis Inc (NYSE:PLD) for 81,246 shares. Blackrock reported 2.05M shares or 0.15% of all its holdings. Pax Ww Limited Liability has invested 0.19% of its portfolio in Prologis Inc (NYSE:PLD). Herndon Cap Mgmt holds 0% or 48 shares in its portfolio. Zacks Mngmt owns 731,577 shares or 1.09% of their US portfolio.
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 $26.72 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 30.29 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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By Adrian Mccoy