The chart of Prologis Inc (PLD) shows a double top with $56.25 target or 7.00% above today’s $52.57 share price. The 6 months chart pattern indicates low risk for the $27.15 billion company. It was reported on Jan, 11 by Finviz.com. If the $56.25 price target is reached, the company will be worth $1.90B more. Double tops are rare but powerful chart patterns. About 803,657 shares traded hands. Prologis Inc (NYSE:PLD) has risen 7.06% since June 7, 2016 and is uptrending. It has underperformed by 0.36% the S&P500.
Analysts await Prologis Inc (NYSE:PLD) to report earnings on January, 24. They expect $0.63 earnings per share, down 1.56% or $0.01 from last year’s $0.64 per share. PLD’s profit will be $325.37 million for 20.86 P/E if the $0.63 EPS becomes a reality. After $0.73 actual earnings per share reported by Prologis Inc for the previous quarter, Wall Street now forecasts -13.70% negative EPS growth.
Prologis Inc (NYSE:PLD) Ratings Coverage
Out of 20 analysts covering Prologis (NYSE:PLD), 10 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 50% are positive. Prologis has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the shares of PLD in a report on Wednesday, September 9 to “Buy” rating. Deutsche Bank downgraded the shares of PLD in a report on Tuesday, June 21 to “Hold” rating. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Tuesday, September 8 by Evercore. Stifel Nicolaus maintained the shares of PLD in a report on Wednesday, January 27 with “Buy” rating. The stock of Prologis Inc (NYSE:PLD) earned “Outperform” rating by Robert W. Baird on Monday, November 28. The firm earned “Buy” rating on Thursday, August 25 by BTIG Research. The firm earned “Outperform” rating on Thursday, July 23 by Cowen & Co. CapitalOne upgraded Prologis Inc (NYSE:PLD) on Monday, October 17 to “Equal Weight” rating. As per Monday, November 30, the company rating was downgraded by Wells Fargo. The company was downgraded on Wednesday, May 18 by Capital One.
According to Zacks Investment Research, “Prologis Incorporation is engaged in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. The Company had been formed after the merger of AMB Property Corporation and Prologis. Prologis Incorporation is headquartered in San Francisco, California.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q3. Its down 0.09, from 1.01 in 2016Q2. The ratio worsened, as 41 funds sold all Prologis Inc shares owned while 174 reduced positions. 47 funds bought stakes while 150 increased positions. They now own 518.36 million shares or 0.47% less from 520.80 million shares in 2016Q2.
Jefferies Grp Inc Ltd owns 24,043 shares or 0.01% of their US portfolio. Invesco has 15.91 million shares for 0.29% of their US portfolio. Deere And Company, a Illinois-based fund reported 23,079 shares. Cornerstone Mngmt Limited Co accumulated 0.18% or 456,325 shares. Amica Pension Fund Board Of Trustees holds 0.31% of its portfolio in Prologis Inc (NYSE:PLD) for 45,363 shares. Hightower Advsrs Limited Com holds 0.09% of its portfolio in Prologis Inc (NYSE:PLD) for 150,635 shares. State Of New Jersey Common Pension Fund D accumulated 746,000 shares or 0.17% of the stock. Qs Ltd last reported 6,492 shares in the company. The Tennessee-based Ftb Advisors has invested 0.01% in Prologis Inc (NYSE:PLD). First Tru accumulated 0.21% or 26,638 shares. The Virginia-based Thompson Davis & has invested 0.03% in Prologis Inc (NYSE:PLD). Northpointe Ltd Liability Com has 91,802 shares for 0.51% of their US portfolio. Teacher Retirement Systems Of Texas last reported 282,623 shares in the company. Wells Fargo And Mn reported 2.14M shares or 0.04% of all its holdings. 1St Glob Advisors last reported 22,427 shares in the company.
PLD Company Profile
Prologis, Inc., incorporated on November 24, 1997, is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Firm owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. The Company’s operating divisions include Real Estate Operations and Strategic Capital. The Firm leases distribution facilities to over 5,200 clients across two categories, which include business-to-business and retail/online fulfillment. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world. The Company’s customer base represents a spectrum of international, national, regional and local distribution users.
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