Prologis (NYSE:PLD) has been assigned a $80.00 target price by research analysts at Evercore ISI in a report issued on Monday, TipRanks reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would indicate a potential downside of 0.29% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank upped their target price on shares of Prologis from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 target price on shares of Prologis in a report on Wednesday, July 17th. Citigroup set a $86.00 target price on shares of Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. KeyCorp upped their target price on shares of Prologis from $79.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, SunTrust Banks upped their target price on shares of Prologis from $81.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.18.

Prologis stock traded down $1.59 on Monday, hitting $80.23. The company’s stock had a trading volume of 129,965 shares, compared to its average volume of 2,348,049. The stock has a market capitalization of $51.65 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 4.41 and a beta of 1.03. 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 firm has a fifty day simple moving average of $81.22. Prologis has a one year low of $55.21 and a one year high of $83.99.

Prologis (NYSE:PLD) last posted its earnings results on Monday, July 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.16). Prologis had a return on equity of 6.55% and a net margin of 55.04%. The firm had revenue of $700.69 million during the quarter, compared to the consensus estimate of $704.19 million. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, analysts predict that Prologis will post 3.28 EPS for the current fiscal year.

In related news, CFO Thomas S. Olinger sold 13,051 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $82.25, for a total transaction of $1,073,444.75. Following the transaction, the chief financial officer now owns 20,667 shares in the company, valued at approximately $1,699,860.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Philip L. Hawkins sold 9,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $78.72, for a total transaction of $708,480.00. Following the transaction, the director now owns 35,511 shares in the company, valued at approximately $2,795,425.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,551 shares of company stock worth $2,803,425. 1.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Berman Capital Advisors LLC lifted its position in Prologis by 105.3% during the 1st quarter. Berman Capital Advisors LLC now owns 388 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Thor Advisors LLC acquired a new position in Prologis during the 1st quarter valued at about $37,000. Hexavest Inc. acquired a new position in Prologis during the 2nd quarter valued at about $42,000. Rational Advisors LLC lifted its position in Prologis by 61.8% during the 1st quarter. Rational Advisors LLC now owns 618 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 236 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in Prologis by 4,300.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 660 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 645 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.

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, 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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