BMO Capital Says That Prologis (NYSE:PLD) Has $69.0 Stock Target

September 17, 2017 - By Nellie Frank

 BMO Capital Says That Prologis (NYSE:PLD) Has $69.0 Stock Target

Investors sentiment increased to 1.15 in 2016 Q4. 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.

Oakbrook Invs Lc owns 22,120 shares. Whittier Trust Communication accumulated 0.23% or 103,849 shares. Paloma Partners Mngmt invested 0.01% of its portfolio in Prologis Inc (NYSE:PLD). Raymond James Na accumulated 35,864 shares. Sun Life Finance stated it has 15 shares. Tower Capital Limited Liability Corporation (Trc) holds 0.09% or 16,417 shares in its portfolio. Apg Asset Management Nv stated it has 0.15% of its portfolio in Prologis Inc (NYSE:PLD). 5,207 are held by Global X Management Communications Ltd Company. Quantbot Technologies Lp holds 0.29% or 50,298 shares. Barclays Public Limited Com accumulated 795,245 shares. Pax Management Lc holds 58,000 shares or 0.17% of its portfolio. Capstone Asset has invested 0.09% of its portfolio in Prologis Inc (NYSE:PLD). Louisiana State Employees Retirement Sys stated it has 0.09% in Prologis Inc (NYSE:PLD). Holt Advsr Limited Com Dba Holt Prtn L P holds 0.15% of its portfolio in Prologis Inc (NYSE:PLD) for 7,876 shares. Kemper Corporation Master Retirement Trust accumulated 26,898 shares.

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

In a research report issued to clients on Monday, 11 September, BMO Capital analyst has today has begun coverage for Prologis (NYSE:PLD) shares with a Buy rating. The PT is $69.0.

Investors sentiment increased to 1.15 in 2016 Q4. 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.

Oakbrook Invs Lc owns 22,120 shares. Whittier Trust Communication accumulated 0.23% or 103,849 shares. Paloma Partners Mngmt invested 0.01% of its portfolio in Prologis Inc (NYSE:PLD). Raymond James Na accumulated 35,864 shares. Sun Life Finance stated it has 15 shares. Tower Capital Limited Liability Corporation (Trc) holds 0.09% or 16,417 shares in its portfolio. Apg Asset Management Nv stated it has 0.15% of its portfolio in Prologis Inc (NYSE:PLD). 5,207 are held by Global X Management Communications Ltd Company. Quantbot Technologies Lp holds 0.29% or 50,298 shares. Barclays Public Limited Com accumulated 795,245 shares. Pax Management Lc holds 58,000 shares or 0.17% of its portfolio. Capstone Asset has invested 0.09% of its portfolio in Prologis Inc (NYSE:PLD). Louisiana State Employees Retirement Sys stated it has 0.09% in Prologis Inc (NYSE:PLD). Holt Advsr Limited Com Dba Holt Prtn L P holds 0.15% of its portfolio in Prologis Inc (NYSE:PLD) for 7,876 shares. Kemper Corporation Master Retirement Trust accumulated 26,898 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 firm has “Buy” rating by KeyBanc Capital Markets given on Sunday, August 27. The stock of Prologis Inc (NYSE:PLD) has “Hold” rating given on Friday, September 4 by TheStreet. The firm earned “Market Perform” rating on Monday, November 30 by Wells Fargo. As per Friday, July 1, the company rating was downgraded by UBS. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, July 4. The firm earned “Neutral” rating on Thursday, June 30 by Suntrust Robinson. Jefferies maintained Prologis Inc (NYSE:PLD) on Monday, July 17 with “Hold” rating. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, November 28 report. Robert W. Baird upgraded the shares of PLD in report on Wednesday, July 22 to “Outperform” rating. The rating was downgraded by Evercore on Monday, May 23 to “Hold”.

The stock increased 0.54% or $0.35 on September 15, reaching $65.2. About 4.19M 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 expect Prologis Inc (NYSE:PLD) to report $0.66 EPS on October, 19.They anticipate $0.07 EPS change or 9.59 % from last quarter’s $0.73 EPS. PLD’s profit would be $351.06M giving it 24.70 P/E if the $0.66 EPS is correct. After having $0.84 EPS previously, Prologis Inc’s analysts see -21.43 % 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: Nasdaq.com which released: “Prologis, Inc. (PLD) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017. Also Prnewswire.com published the news titled: “Prologis Declares Quarterly Dividends and Announces Redemption of 4.00% Notes …” on September 07, 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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