Analyst at BMO Capital Kept Prologis (NYSE:PLD)Stock Rating as a ‘Buy’

May 18, 2018 - By Hazel Jackson

Prologis, Inc. (NYSE:PLD) Logo

Investors sentiment increased to 1.22 in 2017 Q4. Its up 0.06, from 1.16 in 2017Q3. It increased, as 36 investors sold Prologis, Inc. shares while 168 reduced holdings. 60 funds opened positions while 189 raised stakes. 494.61 million shares or 0.16% less from 495.40 million shares in 2017Q3 were reported.

Texas Permanent School Fund holds 0.12% of its portfolio in Prologis, Inc. (NYSE:PLD) for 145,254 shares. 555,375 were reported by Aviva Public Limited Liability Co. Invesco owns 8.57M shares for 0.2% of their portfolio. Shine Invest Advisory Incorporated accumulated 9,018 shares. Shelton holds 7,215 shares. Manufacturers Life The, Ontario – Canada-based fund reported 786,337 shares. Ubs Asset Management Americas holds 0.15% in Prologis, Inc. (NYSE:PLD) or 2.78 million shares. Massachusetts-based Grantham Mayo Van Otterloo Com Limited Liability Corp has invested 0.11% in Prologis, Inc. (NYSE:PLD). Clearbridge Investments Lc holds 0% in Prologis, Inc. (NYSE:PLD) or 33,539 shares. Swedbank has invested 0.94% in Prologis, Inc. (NYSE:PLD). Thrivent Fincl For Lutherans has invested 0.06% in Prologis, Inc. (NYSE:PLD). Ajo L P owns 13,010 shares. Caisse De Depot Et Placement Du Quebec holds 0.02% of its portfolio in Prologis, Inc. (NYSE:PLD) for 113,546 shares. State Board Of Administration Of Florida Retirement reported 774,174 shares stake. Ls Inv Limited Liability Company holds 14,760 shares or 0.06% of its portfolio.

Prologis (NYSE:PLD) Rating Reaffirmed

BMO Capital reiterated their Buy rating on Prologis (NYSE:PLD) in an analyst report sent to investors on 18 May.

Prologis, Inc. (NYSE:PLD) Ratings Coverage

Among 12 analysts covering Prologis (NYSE:PLD), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Prologis has $7300 highest and $64 lowest target. $68.90’s average target is 8.62% above currents $63.435 stock price. Prologis had 18 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Friday, December 15 by J.P. Morgan. The company was maintained on Tuesday, April 24 by Robert W. Baird. The firm earned “Outperform” rating on Monday, December 4 by Evercore. As per Wednesday, January 24, the company rating was maintained by Robert W. Baird. The rating was downgraded by JP Morgan on Friday, December 15 to “Neutral”. RBC Capital Markets maintained Prologis, Inc. (NYSE:PLD) rating on Wednesday, April 25. RBC Capital Markets has “Buy” rating and $7100 target. The firm has “Buy” rating given on Friday, April 6 by Citigroup. The firm has “Buy” rating given on Tuesday, January 9 by BMO Capital Markets. Stifel Nicolaus maintained Prologis, Inc. (NYSE:PLD) on Tuesday, April 17 with “Buy” rating. The stock of Prologis, Inc. (NYSE:PLD) has “Buy” rating given on Tuesday, January 23 by BMO Capital Markets.

The stock increased 0.24% or $0.155 during the last trading session, reaching $63.435. About 88,725 shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since May 18, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Analysts await Prologis, Inc. (NYSE:PLD) to report earnings on July, 17. They expect $0.71 earnings per share, down 15.48 % or $0.13 from last year’s $0.84 per share. PLD’s profit will be $384.55 million for 22.34 P/E if the $0.71 EPS becomes a reality. After $0.80 actual earnings per share reported by Prologis, Inc. for the previous quarter, Wall Street now forecasts -11.25 % negative EPS growth.

Prologis Inc. is an independent equity real estate investment trust. The company has market cap of $34.36 billion. It invests in the real estate markets across the globe. It has a 20.75 P/E ratio. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties.

Another recent and important Prologis, Inc. (NYSE:PLD) news was published by Bizjournals.com which published an article titled: “SF industrial real estate giant Prologis — already the world’s largest — grows bigger with $8.4 billion purchase” on April 30, 2018.

Prologis, Inc. (NYSE:PLD) Ratings Chart

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