Shares of Prologis Inc (NYSE:PLD) have received an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $90.59.

PLD has been the topic of several research reports. ValuEngine cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $96.00 price objective on shares of Prologis and gave the company a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Co raised shares of Prologis from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Tuesday, December 10th. Barclays set a $92.00 price objective on shares of Prologis and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Deutsche Bank boosted their price objective on shares of Prologis from $82.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

PLD opened at $88.54 on Tuesday. The stock has a market capitalization of $56.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 4.81 and a beta of 1.00. Prologis has a 12 month low of $55.21 and a 12 month high of $92.80. The firm’s fifty day simple moving average is $89.62 and its 200 day simple moving average is $84.14. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.44.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, October 15th. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.48 by $0.23. The business had revenue of $712.00 million for the quarter, compared to analysts’ expectations of $715.40 million. Prologis had a net margin of 53.87% and a return on equity of 6.92%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, equities research analysts predict that Prologis will post 3.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 19th will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, December 18th. This represents a $2.12 annualized dividend and a yield of 2.39%. Prologis’s dividend payout ratio (DPR) is presently 69.97%.

A number of large investors have recently modified their holdings of PLD. Signature Estate & Investment Advisors LLC raised its holdings in shares of Prologis by 0.6% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 331,263 shares of the real estate investment trust’s stock valued at $28,230,000 after purchasing an additional 1,931 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Prologis by 320.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,862,940 shares of the real estate investment trust’s stock valued at $790,021,000 after purchasing an additional 7,514,715 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Prologis by 16.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 42,190 shares of the real estate investment trust’s stock valued at $3,595,000 after purchasing an additional 5,958 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Prologis by 1.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,850 shares of the real estate investment trust’s stock valued at $754,000 after purchasing an additional 120 shares during the period. Finally, AE Wealth Management LLC raised its holdings in shares of Prologis by 742.1% in the 3rd quarter. AE Wealth Management LLC now owns 34,803 shares of the real estate investment trust’s stock valued at $2,966,000 after purchasing an additional 30,670 shares during the period. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

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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