1 day Ago By Defense World Staff
Prologis ( NYSE:PLD – Get Free Report ) had its target price lifted by equities researchers at Evercore ISI from $124.00 to $128.00 in a research report issued to clients and investors on Monday, Benzinga reports.
The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would suggest a potential downside of 0.71% from the company’s current price.
A number of other research firms have also recently weighed in on PLD. Truist Financial upped their price target on Prologis from $125.00 to $137.
00 and gave the stock a “buy” rating in a report on Monday, August 5th. Bank of America reiterated a “neutral” rating and set a $128.00 target price on shares of Prologis in a report on Monday, August 12th.
Royal Bank of Canada cut Prologis from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $124.00 to $127.00 in a report on Monday, August 5th.
BMO Capital Markets reiterated a “market perform” rating and set a $115.00 target price on shares of Prologis in a report on Monday, July 15th. Finally, The Goldman Sachs Group increased their target price on Prologis from $140.
00 to $156.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.35.
Get Our Latest Analysis on PLD Prologis Stock Performance Prologis ( NYSE:PLD – Get Free Report ) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
33 by ($0.41). The firm had revenue of $2.
01 billion during the quarter, compared to analyst estimates of $1.86 billion. Prologis had a return on equity of 4.
88% and a net margin of 36.37%. The business’s revenue was down 18.
1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS.
As a group, equities analysts anticipate that Prologis will post 5.42 EPS for the current fiscal year. Insider Buying and Selling In related news, CIO Joseph Ghazal sold 5,200 shares of the stock in a transaction on Friday, August 23rd.
The stock was sold at an average price of $129.07, for a total value of $671,164.00.
Following the transaction, the executive now directly owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link .
Corporate insiders own 0.50% of the company’s stock. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in PLD.
Gilbert & Cook Inc. raised its position in Prologis by 4.4% in the fourth quarter.
Gilbert & Cook Inc. now owns 5,487 shares of the real estate investment trust’s stock valued at $731,000 after purchasing an additional 233 shares during the period. Gryphon Financial Partners LLC raised its position in Prologis by 61.
6% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,234 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 1,995 shares during the period. Level Four Advisory Services LLC raised its position in Prologis by 4.
2% in the fourth quarter. Level Four Advisory Services LLC now owns 7,643 shares of the real estate investment trust’s stock valued at $1,019,000 after purchasing an additional 306 shares during the period. TrinityPoint Wealth LLC raised its position in Prologis by 18.
0% in the fourth quarter. TrinityPoint Wealth LLC now owns 2,228 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 340 shares during the period. Finally, Gladstone Institutional Advisory LLC raised its position in Prologis by 17.
3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 3,832 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 565 shares during the period. 93.
50% of the stock is owned by hedge funds and other institutional investors. Prologis Company Profile ( Get Free Report ) Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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 1.
2 billion square feet (115 million square meters) in 19 countries. Further Reading Five stocks we like better than Prologis How to Invest in Tech Stocks and Top Tech Stocks to Consider Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Insider Trades May Not Tell You What You Think Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter .
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