Prologis Inc (NYSE:PLD)’s stock price hit a new 52-week high on Monday . The stock traded as high as $84.06 and last traded at $83.78, with a volume of 852542 shares traded. The stock had previously closed at $82.39.

Several analysts have weighed in on PLD shares. Citigroup set a $86.00 price objective on Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Prologis in a research note on Wednesday, July 17th. Deutsche Bank upped their price target on Prologis from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Zacks Investment Research cut Prologis from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, Goldman Sachs Group assumed coverage on Prologis in a research note on Wednesday, May 15th. They issued a “conviction-buy” rating for the company. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.18.

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $52.43 billion, a P/E ratio of 27.49, a PEG ratio of 4.44 and a beta of 1.03. The firm has a 50-day simple moving average of $81.60 and a two-hundred day simple moving average of $76.05.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.16). The firm had revenue of $700.69 million for the quarter, compared to the consensus estimate of $704.19 million. Prologis had a return on equity of 6.55% and a net margin of 55.04%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Sell-side analysts predict that Prologis Inc will post 3.28 earnings per share for the current year.

In related news, CFO Thomas S. Olinger sold 13,051 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $82.25, for a total value of $1,073,444.75. Following the transaction, the chief financial officer now owns 20,667 shares in the company, valued at $1,699,860.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eugene F. Reilly sold 12,500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $81.72, for a total value of $1,021,500.00. Following the completion of the transaction, the insider now owns 10,685 shares in the company, valued at approximately $873,178.20. The disclosure for this sale can be found here. Insiders have sold a total of 34,551 shares of company stock worth $2,803,425 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PLD. Cornerstone Advisors Inc. boosted its stake in shares of Prologis by 8.8% during the second quarter. Cornerstone Advisors Inc. now owns 1,601 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 130 shares in the last quarter. National Asset Management Inc. lifted its stake in shares of Prologis by 2.9% in the first quarter. National Asset Management Inc. now owns 4,853 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 135 shares during the period. Avitas Wealth Management LLC lifted its stake in shares of Prologis by 0.3% in the first quarter. Avitas Wealth Management LLC now owns 40,105 shares of the real estate investment trust’s stock worth $2,886,000 after acquiring an additional 138 shares during the period. Exane Derivatives lifted its stake in shares of Prologis by 18.8% in the second quarter. Exane Derivatives now owns 968 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 153 shares during the period. Finally, Ashfield Capital Partners LLC lifted its stake in shares of Prologis by 1.8% in the first quarter. Ashfield Capital Partners LLC now owns 8,550 shares of the real estate investment trust’s stock worth $615,000 after acquiring an additional 155 shares during the period. Institutional investors own 95.55% of the company’s stock.

Prologis Company Profile (NYSE:PLD)

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.

Featured Article: Momentum Investing

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.