Prologis (NYSE:PLD) Given New $184.00 Price Target at Deutsche Bank Aktiengesellschaft

Prologis (NYSE:PLD – Get Rating) had its price target raised by equities researchers at Deutsche Bank Aktiengesellschaft from $179.00 to $184.00 in a report released on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 7.74% from the company’s current price.

PLD has been the topic of a number of other research reports. Wells Fargo & Company cut their price objective on shares of Prologis from $175.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 15th. The Goldman Sachs Group boosted their price objective on shares of Prologis from $184.00 to $209.00 in a research report on Friday, January 21st. Truist Financial boosted their target price on shares of Prologis from $158.00 to $166.00 in a research note on Tuesday, January 18th. Robert W. Baird boosted their target price on shares of Prologis from $152.00 to $175.00 in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Prologis from $171.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $173.92.

PLD stock opened at $170.78 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. Prologis has a twelve month low of $112.00 and a twelve month high of $174.54. The stock has a market capitalization of $126.41 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 3.72 and a beta of 0.87. The firm’s fifty day simple moving average is $155.92 and its two-hundred day simple moving average is $153.01.

Prologis (NYSE:PLD – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.99. Prologis had a net margin of 61.77% and a return on equity of 7.99%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Prologis will post 5.06 EPS for the current year.

In related news, Director William D. Zollars sold 1,350 shares of the company’s stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $155.68, for a total value of $210,168.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Retirement Planning Co of New England Inc. purchased a new stake in shares of Prologis during the fourth quarter valued at about $25,000. American National Bank purchased a new stake in shares of Prologis during the first quarter valued at about $26,000. William Allan LLC purchased a new stake in shares of Prologis during the fourth quarter valued at about $27,000. Richwood Investment Advisors LLC purchased a new stake in shares of Prologis during the fourth quarter valued at about $27,000. Finally, M&R Capital Management Inc. lifted its position in shares of Prologis by 245.1% during the first quarter. M&R Capital Management Inc. now owns 176 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. 92.93% of the stock is owned by institutional investors and hedge funds.

Prologis Company Profile (Get Rating)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries.

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