Finally Time to Make a Move? BMO Capital Initiates Coverage On Prologis (NYSE:PLD) with $69.0 Price Target

September 17, 2017 - By Peter Erickson

 Finally Time to Make a Move? BMO Capital Initiates Coverage On Prologis (NYSE:PLD) with $69.0 Price Target

Investors sentiment increased to 1.15 in 2016 Q4. Its up 0.23, from 0.92 in 2016Q3. It increased, as 38 investors sold Prologis Inc shares while 158 reduced holdings. 53 funds opened positions while 172 raised stakes. 509.26 million shares or 1.75% less from 518.36 million shares in 2016Q3 were reported.

Utah Retirement invested in 0.15% or 111,558 shares. Glob Endowment Management Lp, North Carolina-based fund reported 16,000 shares. Mckinley Capital Mngmt Ltd Llc Delaware holds 414,241 shares or 0.86% of its portfolio. Susquehanna Llp holds 0% of its portfolio in Prologis Inc (NYSE:PLD) for 59,972 shares. Los Angeles Cap & Equity Rech holds 0.41% or 988,203 shares in its portfolio. Glg Limited owns 29,340 shares for 0.11% of their portfolio. Rainier Inv Limited Com holds 0.4% in Prologis Inc (NYSE:PLD) or 77,080 shares. Glenmede Trust Na holds 670 shares or 0% of its portfolio. Guggenheim Ltd reported 0.2% of its portfolio in Prologis Inc (NYSE:PLD). American Int Grp Inc has invested 0.04% in Prologis Inc (NYSE:PLD). Manufacturers Life Insur Com The invested in 0.07% or 866,641 shares. Creative Planning reported 1,775 shares stake. Westpac Bk holds 0% of its portfolio in Prologis Inc (NYSE:PLD) for 732,533 shares. Bb&T Ltd Company invested in 33,693 shares or 0.03% of the stock. Lasalle Mngmt Securities Lc accumulated 8.59M shares.

Why Has BMO Capital Given Prologis (NYSE:PLD) a $69.0 Price Target

In analysts report revealed to investors and clients on 11 September, equity research analysts at BMO Capital has started coverage for Prologis (NYSE:PLD) shares. The firm has decided to set a Buy rating along with a $69.0, adding 5.83 % to the target.

Investors sentiment increased to 1.15 in 2016 Q4. Its up 0.23, from 0.92 in 2016Q3. It increased, as 38 investors sold Prologis Inc shares while 158 reduced holdings. 53 funds opened positions while 172 raised stakes. 509.26 million shares or 1.75% less from 518.36 million shares in 2016Q3 were reported.

Utah Retirement invested in 0.15% or 111,558 shares. Glob Endowment Management Lp, North Carolina-based fund reported 16,000 shares. Mckinley Capital Mngmt Ltd Llc Delaware holds 414,241 shares or 0.86% of its portfolio. Susquehanna Llp holds 0% of its portfolio in Prologis Inc (NYSE:PLD) for 59,972 shares. Los Angeles Cap & Equity Rech holds 0.41% or 988,203 shares in its portfolio. Glg Limited owns 29,340 shares for 0.11% of their portfolio. Rainier Inv Limited Com holds 0.4% in Prologis Inc (NYSE:PLD) or 77,080 shares. Glenmede Trust Na holds 670 shares or 0% of its portfolio. Guggenheim Ltd reported 0.2% of its portfolio in Prologis Inc (NYSE:PLD). American Int Grp Inc has invested 0.04% in Prologis Inc (NYSE:PLD). Manufacturers Life Insur Com The invested in 0.07% or 866,641 shares. Creative Planning reported 1,775 shares stake. Westpac Bk holds 0% of its portfolio in Prologis Inc (NYSE:PLD) for 732,533 shares. Bb&T Ltd Company invested in 33,693 shares or 0.03% of the stock. Lasalle Mngmt Securities Lc accumulated 8.59M shares.

Prologis Inc (NYSE:PLD) Ratings Coverage

Among 23 analysts covering Prologis (NYSE:PLD), 13 have Buy rating, 1 Sell and 9 Hold. Therefore 57% are positive. Prologis has $69.0 highest and $41 lowest target. $56.88’s average target is -12.76% below currents $65.2 stock price. Prologis had 46 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Neutral – Buy” rating by Bank of America on Friday, June 23. The firm earned “Buy” rating on Tuesday, October 18 by Evercore. The rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, August 27. The stock has “Outperform” rating by Robert W. Baird on Monday, November 28. Goldman Sachs downgraded Prologis Inc (NYSE:PLD) on Monday, December 14 to “Sell” rating. Jefferies maintained the stock with “Hold” rating in Sunday, August 20 report. The firm has “Equal-Weight” rating given on Wednesday, May 18 by Capital One. On Wednesday, September 9 the stock rating was upgraded by Stifel Nicolaus to “Buy”. Evercore maintained the stock with “Buy” rating in Tuesday, September 8 report. On Friday, January 22 the stock rating was initiated by Jefferies with “Hold”.

The stock increased 0.54% or $0.35 on September 15, reaching $65.2. About 4.19M shares traded or 120.53% up from the average. Prologis Inc (NYSE:PLD) has risen 18.74% since September 17, 2016 and is uptrending. It has outperformed by 2.04% the S&P500.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on October, 19. They expect $0.66 earnings per share, down 9.59 % or $0.07 from last year’s $0.73 per share. PLD’s profit will be $351.06M for 24.70 P/E if the $0.66 EPS becomes a reality. After $0.84 actual earnings per share reported by Prologis Inc for the previous quarter, Wall Street now forecasts -21.43 % negative EPS growth.

Prologis, Inc. is a real estate investment trust company. The company has market cap of $34.68 billion. The Firm is engaged in logistics real estate business. It has a 29.31 P/E ratio. The Company’s divisions include Real Estate Operations and Strategic Capital.

More recent Prologis Inc (NYSE:PLD) news were published by: Prnewswire.com which released: “Prologis Declares Quarterly Dividends and Announces Redemption of 4.00% Notes …” on September 07, 2017. Also Prnewswire.com published the news titled: “Prologis Reports No Significant Damage from Hurricane Harvey” on September 05, 2017. Nasdaq.com‘s news article titled: “Prologis, Inc. (PLD) Ex-Dividend Date Scheduled for September 15, 2017” with publication date: September 14, 2017 was also an interesting one.

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.