ProLogis (PLD) Updates FY12 Earnings Guidance
ProLogis (PLD) issued an update on its FY12 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.72-1.74 for the period.
ProLogis (PLD) opened at 35.16 on Tuesday. ProLogis (PLD) has a 52-week low of $24.91 and a 52-week high of $37.58. The company has a market cap of $16.167 billion and a price-to-earnings ratio of 79.91.
ProLogis last released its earnings data on Tuesday, October 23rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.06.
A number of research firms have also recently commented on PLD. Analysts at Barclays Capital reiterated an overweight rating on shares of ProLogis in a research note to investors on Monday. They now have a $46.00 price target on the stock. On a related note, analysts at Stifel Nicolaus upgraded shares of ProLogis from a hold rating to a buy rating in a research note to investors on Thursday, October 4th. They now have a $40.00 price target on the stock. Finally, analysts at Bank of America raised their price target on shares of ProLogis from $37.00 to $39.00 in a research note to investors on Monday, September 17th. They now have a buy rating on the stock.
ProLogis is a real estate investment trust (REIT). The Company is a global provider of industrial distribution facilities.
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