ProLogis, Inc. (NYSE:PLD)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a research note issued on Tuesday. They currently have a $52.00 price objective on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 4.06% from the stock’s previous close.
A number of other research firms have also recently weighed in on PLD. Zacks Investment Research upgraded shares of ProLogis from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, November 24th. Barclays PLC upped their price objective on shares of ProLogis from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Capital One Financial Corporation raised shares of ProLogis from an “underweight” rating to an “equal weight” rating and set a $53.00 target price for the company in a report on Monday, October 17th. BTIG Research reaffirmed a “positive” rating on shares of ProLogis in a report on Thursday, October 20th. Finally, Cantor Fitzgerald set a $55.00 target price on shares of ProLogis and gave the stock a “buy” rating in a report on Thursday, October 20th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $53.83.
ProLogis (NYSE:PLD) opened at 49.97 on Tuesday. The company’s 50 day moving average is $51.40 and its 200 day moving average is $51.81. ProLogis has a 12 month low of $35.57 and a 12 month high of $54.87. The stock has a market cap of $27.53 billion, a PE ratio of 22.70 and a beta of 1.05.
ProLogis (NYSE:PLD) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.00. The company earned $620 million during the quarter, compared to analysts’ expectations of $221.07 million. ProLogis had a net margin of 47.76% and a return on equity of 6.62%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, analysts anticipate that ProLogis will post ($0.27) EPS for the current fiscal year.
“ProLogis, Inc. (PLD) Given “Hold” Rating at Jefferies Group LLC” was originally posted by sleekmoney and is owned by of sleekmoney. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this report can be read at http://sleekmoney.com/prologis-inc-pld-given-hold-rating-at-jefferies-group-llc/1659252.html.
Several hedge funds have recently modified their holdings of PLD. New Mexico Educational Retirement Board boosted its stake in shares of ProLogis by 2.4% in the second quarter. New Mexico Educational Retirement Board now owns 135,865 shares of the company’s stock valued at $6,663,000 after buying an additional 3,200 shares in the last quarter. KBC Group NV boosted its stake in shares of ProLogis by 52.5% in the second quarter. KBC Group NV now owns 891,922 shares of the company’s stock valued at $43,739,000 after buying an additional 307,206 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of ProLogis by 6.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 746,000 shares of the company’s stock valued at $36,583,000 after buying an additional 44,000 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of ProLogis by 1,307.3% in the second quarter. Quantbot Technologies LP now owns 244,711 shares of the company’s stock valued at $12,000,000 after buying an additional 227,322 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of ProLogis by 1.2% in the second quarter. World Asset Management Inc now owns 64,122 shares of the company’s stock valued at $3,145,000 after buying an additional 757 shares in the last quarter.
ProLogis Company Profile
Prologis, Inc is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/prologis-inc-pld-given-hold-rating-at-jefferies-group-llc/1659252.html
Receive News & Ratings for ProLogis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProLogis Inc. and related companies with MarketBeat.com's FREE daily email newsletter.