New “Buy” Rating Was Given to Prologis (NYSE:PLD)

September 17, 2017 - By Marguerite Chambers

 New

Investors sentiment increased to 1.15 in Q4 2016. Its up 0.23, from 0.92 in 2016Q3. It is positive, as 38 investors sold Prologis Inc shares while 158 reduced holdings. 53 funds opened positions while 172 raised stakes. 509.26 million shares or 1.75% less from 518.36 million shares in 2016Q3 were reported.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 0.39% or 157,600 shares. Cornerstone Mgmt Limited Liability Corp invested 0.17% of its portfolio in Prologis Inc (NYSE:PLD). Ferguson Wellman Management has 8,075 shares for 0.02% of their portfolio. Paloma Ptnrs Mngmt Commerce holds 0.01% or 28,964 shares. Presima invested 9.45% of its portfolio in Prologis Inc (NYSE:PLD). Fifth Third Bancorporation invested in 234,657 shares or 0.1% of the stock. Liberty Inc accumulated 471 shares. Caisse De Depot Et Placement Du Quebec reported 62,746 shares. Farmers & Merchants Investments Incorporated holds 60 shares. Westpac Banking holds 0% or 732,533 shares. Fdx Advisors Inc reported 24,077 shares. Advantus Capital Management holds 1.45% in Prologis Inc (NYSE:PLD) or 1.03 million shares. L S Advsr Incorporated accumulated 65,505 shares. Lj Tru Lc invested in 3.39% or 454,000 shares. Moreover, First Allied Advisory Inc has 0.01% invested in Prologis Inc (NYSE:PLD) for 4,773 shares.

Why Has BMO Capital Given Prologis (NYSE:PLD) a $69.0 Price Target

Equity analysts at BMO Capital placed a key “Buy” rating for Prologis (NYSE:PLD). The firm has started coverage in a research report revealed to investors and clients on Monday, 11 September. The target price per share indicates upside of 5.83 % from the stock close price.

Investors sentiment increased to 1.15 in Q4 2016. Its up 0.23, from 0.92 in 2016Q3. It is positive, as 38 investors sold Prologis Inc shares while 158 reduced holdings. 53 funds opened positions while 172 raised stakes. 509.26 million shares or 1.75% less from 518.36 million shares in 2016Q3 were reported.

Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 0.39% or 157,600 shares. Cornerstone Mgmt Limited Liability Corp invested 0.17% of its portfolio in Prologis Inc (NYSE:PLD). Ferguson Wellman Management has 8,075 shares for 0.02% of their portfolio. Paloma Ptnrs Mngmt Commerce holds 0.01% or 28,964 shares. Presima invested 9.45% of its portfolio in Prologis Inc (NYSE:PLD). Fifth Third Bancorporation invested in 234,657 shares or 0.1% of the stock. Liberty Inc accumulated 471 shares. Caisse De Depot Et Placement Du Quebec reported 62,746 shares. Farmers & Merchants Investments Incorporated holds 60 shares. Westpac Banking holds 0% or 732,533 shares. Fdx Advisors Inc reported 24,077 shares. Advantus Capital Management holds 1.45% in Prologis Inc (NYSE:PLD) or 1.03 million shares. L S Advsr Incorporated accumulated 65,505 shares. Lj Tru Lc invested in 3.39% or 454,000 shares. Moreover, First Allied Advisory Inc has 0.01% invested in Prologis Inc (NYSE:PLD) for 4,773 shares.

Prologis Inc (NYSE:PLD) Ratings Coverage

Among 23 analysts covering Prologis (NYSE:PLD), 13 have Buy rating, 1 Sell and 9 Hold. Therefore 57% are positive. Prologis has $69.0 highest and $41 lowest target. $56.88’s average target is -12.76% below currents $65.2 stock price. Prologis had 46 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Prologis Inc (NYSE:PLD) earned “Outperform” rating by Robert W. Baird on Wednesday, July 22. The firm has “Outperform” rating given on Friday, February 5 by RBC Capital Markets. The stock of Prologis Inc (NYSE:PLD) has “Outperform” rating given on Thursday, July 23 by Cowen & Co. BMO Capital Markets initiated Prologis Inc (NYSE:PLD) rating on Monday, September 11. BMO Capital Markets has “Buy” rating and $69.0 target. The firm earned “Neutral – Buy” rating on Friday, June 23 by Bank of America. The rating was downgraded by Suntrust Robinson to “Neutral” on Thursday, June 30. Robert W. Baird upgraded Prologis Inc (NYSE:PLD) rating on Monday, November 28. Robert W. Baird has “Outperform” rating and $55 target. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 8 report. The company was maintained on Tuesday, July 4 by Stifel Nicolaus. The stock has “Buy” rating by BTIG Research on Wednesday, April 12.

The stock increased 0.54% or $0.35 on September 15, reaching $65.2. About 4.19 million shares traded or 120.53% up from the average. Prologis Inc (NYSE:PLD) has risen 18.74% since September 17, 2016 and is uptrending. It has outperformed by 2.04% the S&P500.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on October, 19. They expect $0.66 EPS, down 9.59 % or $0.07 from last year’s $0.73 per share. PLD’s profit will be $351.06 million for 24.70 P/E if the $0.66 EPS becomes a reality. After $0.84 actual EPS reported by Prologis Inc for the previous quarter, Wall Street now forecasts -21.43 % negative EPS growth.

Prologis, Inc. is a real estate investment trust company. The company has market cap of $34.68 billion. The Firm is engaged in logistics real estate business. It has a 29.31 P/E ratio. The Company’s divisions include Real Estate Operations and Strategic Capital.

More recent Prologis Inc (NYSE:PLD) news were published by: Prnewswire.com which released: “Prologis Declares Quarterly Dividends and Announces Redemption of 4.00% Notes …” on September 07, 2017. Also Nasdaq.com published the news titled: “Prologis, Inc. (PLD) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017. Prnewswire.com‘s news article titled: “Prologis Reports No Significant Damage from Hurricane Harvey” with publication date: September 05, 2017 was also an interesting one.

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