Why BMO Capital Has Just Restated Their “Buy” Rating For Prologis (NYSE:PLD) Shares

May 18, 2018 - By Matt Thomas

Prologis, Inc. (NYSE:PLD) Logo

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.06, from 1.16 in 2017Q3. It is positive, as 36 investors sold Prologis, Inc. shares while 168 reduced holdings. 60 funds opened positions while 189 raised stakes. 494.61 million shares or 0.16% less from 495.40 million shares in 2017Q3 were reported.

The Utah-based Utah Retirement System has invested 0.16% in Prologis, Inc. (NYSE:PLD). Moneta Gp Limited Company holds 0% of its portfolio in Prologis, Inc. (NYSE:PLD) for 6 shares. Lasalle Inv Mgmt Securities Llc holds 1.95 million shares or 2.08% of its portfolio. State Of Alaska Department Of Revenue, a Alaska-based fund reported 328,495 shares. Intrust Natl Bank Na owns 23,067 shares or 0.44% of their US portfolio. Credit Agricole S A accumulated 3,532 shares. Liberty Mutual Gru Asset Management reported 0.04% in Prologis, Inc. (NYSE:PLD). 12,500 were accumulated by Cannell Peter B & Company. Virginia Retirement Sys Et Al has invested 0.3% in Prologis, Inc. (NYSE:PLD). Farmers Merchants Invests has 190 shares. Quadrant Cap Management Limited Liability reported 22,431 shares. Howe Rusling stated it has 229 shares or 0% of all its holdings. Moreover, Federated Incorporated Pa has 0.01% invested in Prologis, Inc. (NYSE:PLD) for 52,355 shares. Cibc Asset Inc owns 53,863 shares or 0.02% of their US portfolio. Proshare Advsrs Ltd Limited Liability Company stated it has 254,215 shares or 0.11% of all its holdings.

Prologis (NYSE:PLD) Rating Reaffirmed

Prologis (NYSE:PLD) stock “Buy” rating has been kept by BMO Capital in an analyst note sent to investors on Friday morning.

Prologis, Inc. (NYSE:PLD) Ratings Coverage

Among 12 analysts covering Prologis (NYSE:PLD), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Prologis has $7300 highest and $64 lowest target. $68.90’s average target is 8.62% above currents $63.435 stock price. Prologis had 18 analyst reports since December 4, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 8 by Robert W. Baird. The stock of Prologis, Inc. (NYSE:PLD) earned “Overweight” rating by JP Morgan on Tuesday, March 27. BMO Capital Markets maintained Prologis, Inc. (NYSE:PLD) on Tuesday, January 9 with “Buy” rating. The company was upgraded on Thursday, April 12 by Jefferies. Barclays Capital maintained Prologis, Inc. (NYSE:PLD) rating on Tuesday, January 30. Barclays Capital has “Overweight” rating and $64 target. The company was maintained on Tuesday, December 19 by KeyBanc Capital Markets. On Tuesday, January 23 the stock rating was maintained by Jefferies with “Hold”. On Tuesday, March 27 the stock rating was upgraded by J.P. Morgan to “Buy”. The stock of Prologis, Inc. (NYSE:PLD) earned “Outperform” rating by Evercore on Monday, December 4. Cantor Fitzgerald maintained it with “Buy” rating and $69.0 target in Tuesday, January 23 report.

The stock increased 0.24% or $0.155 during the last trading session, reaching $63.435. About 88,725 shares traded. Prologis, Inc. (NYSE:PLD) has risen 24.40% since May 18, 2017 and is uptrending. It has outperformed by 12.85% the S&P500.

Analysts await Prologis, Inc. (NYSE:PLD) to report earnings on July, 17. They expect $0.71 earnings per share, down 15.48 % or $0.13 from last year’s $0.84 per share. PLD’s profit will be $384.55M for 22.34 P/E if the $0.71 EPS becomes a reality. After $0.80 actual earnings per share reported by Prologis, Inc. for the previous quarter, Wall Street now forecasts -11.25 % negative EPS growth.

Prologis Inc. is an independent equity real estate investment trust. The company has market cap of $34.36 billion. It invests in the real estate markets across the globe. It has a 20.75 P/E ratio. The firm engages in the ownership, development, management, and leasing of industrial distribution and retail properties.

Another recent and important Prologis, Inc. (NYSE:PLD) news was published by Bizjournals.com which published an article titled: “SF industrial real estate giant Prologis — already the world’s largest — grows bigger with $8.4 billion purchase” on April 30, 2018.

Prologis, Inc. (NYSE:PLD) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.