Prologis, Inc. (NYSE:PLD) has been assigned a consensus rating of “Buy” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $58.93.

A number of analysts have recently commented on PLD shares. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Friday, April 21st. Evercore ISI restated an “outperform” rating and set a $64.00 price objective (up from $61.00) on shares of Prologis in a report on Friday, July 21st. Citigroup Inc. upped their price objective on Prologis from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $60.00 price target (up from $54.00) on shares of Prologis in a research report on Sunday, June 25th. Finally, Bank of America Corporation raised shares of Prologis from a “neutral” rating to a “buy” rating and upped their price target for the stock from $58.00 to $65.00 in a research report on Friday, June 23rd.

In other Prologis news, insider Edward S. Nekritz sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.31, for a total value of $1,382,750.00. Following the completion of the transaction, the insider now directly owns 199,950 shares of the company’s stock, valued at approximately $11,059,234.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward S. Nekritz sold 16,850 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $56.98, for a total transaction of $960,113.00. Following the completion of the transaction, the insider now directly owns 191,800 shares of the company’s stock, valued at $10,928,764. The disclosure for this sale can be found here. Over the last three months, insiders sold 483,807 shares of company stock valued at $27,400,851. 1.31% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its position in Prologis by 13.2% in the first quarter. Creative Planning now owns 2,009 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 234 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Prologis by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,039 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 14 shares during the last quarter. IFP Advisors Inc boosted its position in Prologis by 10.7% in the first quarter. IFP Advisors Inc now owns 2,249 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 218 shares during the last quarter. Evercore Wealth Management LLC boosted its position in Prologis by 18.2% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 350 shares during the last quarter. Finally, Solaris Asset Management LLC boosted its position in Prologis by 1.8% in the first quarter. Solaris Asset Management LLC now owns 2,825 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 50 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

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Shares of Prologis (PLD) traded down 0.38% on Friday, reaching $59.71. The company had a trading volume of 1,746,987 shares. The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 26.80 and a beta of 0.94. Prologis has a 1-year low of $45.93 and a 1-year high of $61.81. The firm has a 50-day moving average price of $59.49 and a 200 day moving average price of $54.65.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, July 18th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $766.18 million during the quarter, compared to the consensus estimate of $576 million. Prologis had a return on equity of 6.65% and a net margin of 43.99%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts predict that Prologis will post ($0.27) earnings per share for the current year.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company’s segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company’s strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures.

Analyst Recommendations for Prologis (NYSE:PLD)

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