Prologis (NYSE:PLD) has received an average recommendation of “Buy” from the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $68.58.
PLD has been the topic of a number of analyst reports. Zacks Investment Research cut Prologis from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. BMO Capital Markets set a $68.00 price target on Prologis and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Cantor Fitzgerald set a $69.00 price target on Prologis and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group reiterated a “neutral” rating on shares of Prologis in a research report on Wednesday, January 24th. Finally, Robert W. Baird upped their price target on Prologis from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th.
In other news, Director William D. Zollars sold 4,020 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $60.48, for a total transaction of $243,129.60. Following the sale, the director now owns 20,225 shares in the company, valued at $1,223,208. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael S. Curless sold 14,465 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $62.49, for a total value of $903,917.85. Following the sale, the insider now owns 102 shares in the company, valued at approximately $6,373.98. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.
Shares of NYSE PLD traded up $0.37 during trading hours on Thursday, reaching $65.25. The stock had a trading volume of 157,953 shares, compared to its average volume of 2,534,366. The company has a current ratio of 0.32, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $34,643.18, a price-to-earnings ratio of 23.09, a PEG ratio of 4.75 and a beta of 0.82. Prologis has a twelve month low of $53.15 and a twelve month high of $67.53.
Prologis (NYSE:PLD) last issued its earnings results on Tuesday, April 17th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.33. The business had revenue of $555.90 million during the quarter, compared to analyst estimates of $552.42 million. Prologis had a return on equity of 9.85% and a net margin of 67.65%. Prologis’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. research analysts anticipate that Prologis will post 2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Wednesday, March 14th. This is a boost from Prologis’s previous quarterly dividend of $0.44. Prologis’s dividend payout ratio is presently 68.33%.
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Prologis Company Profile
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2017, 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 684 million square feet (64 million square meters) in 19 countries.
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