Prologis Inc (NYSE:PLD) has received an average recommendation of “Buy” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $74.04.

PLD has been the subject of several research analyst reports. Citigroup set a $86.00 price objective on Prologis and gave the stock a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley increased their price objective on Prologis from $75.00 to $78.50 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Goldman Sachs Group initiated coverage on Prologis in a research report on Wednesday, May 15th. They issued a “conviction-buy” rating for the company. Finally, KeyCorp set a $79.00 price objective on Prologis and gave the stock a “buy” rating in a research report on Tuesday, April 23rd.

Shares of NYSE PLD traded down $0.02 during mid-day trading on Tuesday, hitting $80.58. 98,794 shares of the company were exchanged, compared to its average volume of 2,227,242. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.36 and a current ratio of 0.36. The business’s 50 day moving average is $77.07. Prologis has a 1-year low of $55.21 and a 1-year high of $82.82. The company has a market capitalization of $51.30 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 4.52 and a beta of 1.00.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Tuesday, April 16th. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Prologis had a return on equity of 6.83% and a net margin of 56.56%. The firm had revenue of $696.80 million during the quarter, compared to the consensus estimate of $687.21 million. During the same period last year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities analysts anticipate that Prologis will post 3.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.63%. The ex-dividend date is Wednesday, June 12th. Prologis’s payout ratio is 69.97%.

In other news, Director Philip L. Hawkins sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $78.72, for a total value of $708,480.00. Following the completion of the transaction, the director now owns 35,511 shares in the company, valued at $2,795,425.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edward S. Nekritz sold 30,671 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $75.01, for a total value of $2,300,631.71. Following the completion of the transaction, the insider now owns 21,121 shares of the company’s stock, valued at approximately $1,584,286.21. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in PLD. FMR LLC increased its position in Prologis by 3.9% during the 1st quarter. FMR LLC now owns 20,743,807 shares of the real estate investment trust’s stock worth $1,492,516,000 after purchasing an additional 769,477 shares in the last quarter. Horizon Investments LLC purchased a new stake in Prologis during the 1st quarter worth about $214,000. M Holdings Securities Inc. purchased a new stake in Prologis during the 1st quarter worth about $1,076,000. Nordea Investment Management AB increased its position in Prologis by 3.9% during the 1st quarter. Nordea Investment Management AB now owns 955,870 shares of the real estate investment trust’s stock worth $68,776,000 after purchasing an additional 35,915 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Prologis during the 1st quarter worth about $1,871,000. Institutional investors and hedge funds own 95.41% of the company’s stock.

About Prologis

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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Analyst Recommendations for Prologis (NYSE:PLD)

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