Prologis Inc (NYSE:PLD) – Equities researchers at Jefferies Financial Group increased their Q1 2020 earnings per share (EPS) estimates for Prologis in a research report issued on Tuesday, November 5th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.87. Jefferies Financial Group also issued estimates for Prologis’ Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.91 EPS, Q4 2020 earnings at $0.93 EPS, FY2020 earnings at $3.63 EPS, Q1 2021 earnings at $0.94 EPS, Q2 2021 earnings at $0.96 EPS, Q3 2021 earnings at $0.97 EPS and FY2021 earnings at $3.86 EPS.
Prologis (NYSE:PLD) last posted its earnings results on Tuesday, October 15th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.23. Prologis had a net margin of 53.87% and a return on equity of 6.92%. The business had revenue of $712.00 million for the quarter, compared to analysts’ expectations of $715.40 million. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year.
A number of other research analysts have also recently commented on the stock. Evercore ISI raised shares of Prologis from an “in-line” rating to an “outperform” rating in a research report on Wednesday. Deutsche Bank boosted their target price on shares of Prologis from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. ValuEngine cut shares of Prologis from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upped their price target on shares of Prologis from $86.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Co upped their price target on shares of Prologis from $84.00 to $91.00 and gave the company a “market perform” rating in a report on Thursday, October 17th. Four equities 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $88.58.
Shares of NYSE PLD traded down $0.19 during trading on Friday, reaching $87.07. 2,145,334 shares of the stock were exchanged, compared to its average volume of 2,394,095. The business’s 50-day moving average price is $87.00 and its 200 day moving average price is $81.59. Prologis has a twelve month low of $55.21 and a twelve month high of $92.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $54.27 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 4.52 and a beta of 0.99.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in Prologis by 22.4% in the third quarter. Cetera Investment Advisers now owns 23,682 shares of the real estate investment trust’s stock valued at $2,017,000 after acquiring an additional 4,330 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in Prologis by 7.3% in the third quarter. First Allied Advisory Services Inc. now owns 7,684 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 520 shares in the last quarter. Cetera Advisors LLC raised its holdings in Prologis by 54.7% in the third quarter. Cetera Advisors LLC now owns 6,710 shares of the real estate investment trust’s stock valued at $579,000 after acquiring an additional 2,372 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Prologis in the third quarter valued at $332,000. Finally, Trillium Asset Management LLC raised its holdings in Prologis by 57.8% in the third quarter. Trillium Asset Management LLC now owns 124,532 shares of the real estate investment trust’s stock valued at $10,612,000 after acquiring an additional 45,634 shares in the last quarter. 95.64% of the stock is currently owned by hedge funds and other institutional investors.
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, 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 768 million square feet (71 million square meters) in 19 countries.
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