Prologis, Inc. (NYSE:PLD)‘s stock had its “buy” rating restated by stock analysts at KeyCorp in a note issued to investors on Sunday. They currently have a $65.00 price objective on the real estate investment trust’s stock. KeyCorp’s price target suggests a potential upside of 3.87% from the stock’s current price.

A number of other research firms have also weighed in on PLD. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price (up previously from $59.00) on shares of Prologis in a research note on Thursday. Zacks Investment Research raised Prologis from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Monday, July 31st. BidaskClub raised Prologis from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Barclays PLC reissued an “overweight” rating and issued a $61.00 target price (up previously from $59.00) on shares of Prologis in a research note on Monday, July 24th. Finally, Evercore ISI reissued an “outperform” rating and issued a $64.00 target price (up previously from $61.00) on shares of Prologis in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Prologis has an average rating of “Buy” and a consensus target price of $60.00.

Shares of Prologis (PLD) traded down 0.58% during mid-day trading on Friday, hitting $62.22. The stock had a trading volume of 447,480 shares. The company has a market capitalization of $33.09 billion, a P/E ratio of 27.93 and a beta of 0.94. The stock’s 50-day moving average price is $60.38 and its 200 day moving average price is $55.51. Prologis has a 1-year low of $45.93 and a 1-year high of $63.08.

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

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In other Prologis news, CEO Hamid R. Moghadam sold 271,788 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $56.04, for a total transaction of $15,230,999.52. Following the transaction, the chief executive officer now owns 36,997 shares in the company, valued at approximately $2,073,311.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl B. Webb sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $61.38, for a total value of $1,227,600.00. Following the transaction, the director now owns 66,078 shares in the company, valued at approximately $4,055,867.64. The disclosure for this sale can be found here. Insiders have sold a total of 458,807 shares of company stock worth $26,018,101 in the last quarter. Company insiders own 1.31% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PLD. Creative Planning increased 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 period. Guardian Life Insurance Co. of America increased 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 period. IFP Advisors Inc increased 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 period. Evercore Wealth Management LLC increased 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 period. Finally, Solaris Asset Management LLC increased 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 period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Prologis Company Profile

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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