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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
How to Play Apple and Amazon Heading in 2023
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Ulta Issues A Beautiful FY Outlook, But Is the Stock A Buy Now?
Microsoft strikes 10-year deal with Nintendo on Call of Duty
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Southwest Airlines brings back dividend as travel rebounds
Could trawler cams help save world's dwindling fish stocks?

Prologis (NYSE:PLD) PT Raised to $135.00 at Wells Fargo & Company

Prologis (NYSE:PLD - Get Rating) had its price target hoisted by investment analysts at Wells Fargo & Company from $127.00 to $135.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective points to a potential upside of 17.44% from the stock's current price.

Several other brokerages also recently weighed in on PLD. BMO Capital Markets lowered their target price on shares of Prologis from $135.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, September 27th. Bank of America started coverage on Prologis in a report on Monday, October 24th. They issued a "buy" rating and a $140.00 price target for the company. Barclays decreased their price target on Prologis from $183.00 to $162.00 and set an "overweight" rating on the stock in a research note on Thursday, October 13th. Wolfe Research upgraded shares of Prologis from a "peer perform" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Wednesday, August 24th. Finally, Raymond James cut their price target on shares of Prologis from $160.00 to $130.00 and set a "strong-buy" rating for the company in a report on Tuesday, October 18th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $145.39.

Prologis Stock Performance


Shares of PLD opened at $114.95 on Tuesday. The company's 50 day simple moving average is $108.14 and its 200-day simple moving average is $119.11. Prologis has a 12-month low of $98.03 and a 12-month high of $174.54. The firm has a market cap of $106.11 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.46.

Prologis (NYSE:PLD - Get Rating) last issued its quarterly earnings results on Wednesday, October 19th. The real estate investment trust reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.31). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Prologis had a net margin of 73.21% and a return on equity of 10.43%. The business's revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. As a group, equities analysts predict that Prologis will post 5.13 EPS for the current year.

Institutional Investors Weigh In On Prologis

A number of large investors have recently bought and sold shares of PLD. MCF Advisors LLC purchased a new stake in Prologis during the 1st quarter worth about $35,000. HHM Wealth Advisors LLC boosted its stake in shares of Prologis by 115.3% during the 3rd quarter. HHM Wealth Advisors LLC now owns 351 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Prologis during the second quarter worth about $37,000. Baystate Wealth Management LLC raised its position in shares of Prologis by 40.3% in the second quarter. Baystate Wealth Management LLC now owns 317 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 91 shares during the last quarter. Finally, MV Capital Management Inc. lifted its stake in shares of Prologis by 98.9% during the third quarter. MV Capital Management Inc. now owns 360 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 94.01% of the company's stock.

Prologis Company Profile

(Get Rating)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.

See Also

Analyst Recommendations for Prologis (NYSE:PLD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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