Prologis (NYSE:PLD) Is A Stock That BMO Capital Seems to be Very Interested In

September 17, 2017 - By Hazel Jackson

 Prologis (NYSE:PLD) Is A Stock That BMO Capital Seems to be Very Interested In

Investors sentiment increased to 1.15 in 2016 Q4. Its up 0.23, from 0.92 in 2016Q3. It is positive, 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.

Stevens Management Ltd Partnership stated it has 0.12% of its portfolio in Prologis Inc (NYSE:PLD). American Natl Tx reported 144,845 shares or 0.44% of all its holdings. Paloma Management invested in 0.01% or 28,964 shares. First Trust Advisors Lp reported 0.07% of its portfolio in Prologis Inc (NYSE:PLD). Baldwin Brothers Ma holds 49,620 shares. Raymond James Na holds 35,864 shares or 0.15% of its portfolio. Moreover, Sei has 0.3% invested in Prologis Inc (NYSE:PLD) for 1.18M shares. Fort Washington Inv Advsr Oh has 0.02% invested in Prologis Inc (NYSE:PLD). Nj State Employees Deferred Compensation Plan stated it has 0.06% in Prologis Inc (NYSE:PLD). Voya Inv Management Limited Liability stated it has 0.05% in Prologis Inc (NYSE:PLD). Bamco Incorporated Ny has 392,497 shares for 0.12% of their portfolio. 11,804 were reported by State Bank Of Nova Scotia. Sumitomo Mitsui Tru stated it has 0.17% of its portfolio in Prologis Inc (NYSE:PLD). Whittier Tru has 103,849 shares for 0.23% of their portfolio. Benjamin F Edwards & has invested 0% of its portfolio in Prologis Inc (NYSE:PLD).

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

In a research note issued today, BMO Capital analysts began Prologis (NYSE:PLD) coverage with Buy rating, and a $69.0 PT.

Investors sentiment increased to 1.15 in 2016 Q4. Its up 0.23, from 0.92 in 2016Q3. It is positive, 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.

Stevens Management Ltd Partnership stated it has 0.12% of its portfolio in Prologis Inc (NYSE:PLD). American Natl Tx reported 144,845 shares or 0.44% of all its holdings. Paloma Management invested in 0.01% or 28,964 shares. First Trust Advisors Lp reported 0.07% of its portfolio in Prologis Inc (NYSE:PLD). Baldwin Brothers Ma holds 49,620 shares. Raymond James Na holds 35,864 shares or 0.15% of its portfolio. Moreover, Sei has 0.3% invested in Prologis Inc (NYSE:PLD) for 1.18M shares. Fort Washington Inv Advsr Oh has 0.02% invested in Prologis Inc (NYSE:PLD). Nj State Employees Deferred Compensation Plan stated it has 0.06% in Prologis Inc (NYSE:PLD). Voya Inv Management Limited Liability stated it has 0.05% in Prologis Inc (NYSE:PLD). Bamco Incorporated Ny has 392,497 shares for 0.12% of their portfolio. 11,804 were reported by State Bank Of Nova Scotia. Sumitomo Mitsui Tru stated it has 0.17% of its portfolio in Prologis Inc (NYSE:PLD). Whittier Tru has 103,849 shares for 0.23% of their portfolio. Benjamin F Edwards & has invested 0% of its portfolio in Prologis Inc (NYSE:PLD).

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. Jefferies maintained Prologis Inc (NYSE:PLD) rating on Sunday, August 20. Jefferies has “Hold” rating and $59.0 target. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, June 21 report. Oppenheimer maintained Prologis Inc (NYSE:PLD) rating on Wednesday, January 27. Oppenheimer has “Outperform” rating and $51 target. The rating was downgraded by Evercore on Monday, May 23 to “Hold”. Evercore maintained it with “Buy” rating and $44 target in Tuesday, September 8 report. The stock has “Outperform” rating by RBC Capital Markets on Friday, February 5. KeyBanc Capital Markets maintained Prologis Inc (NYSE:PLD) on Tuesday, July 25 with “Buy” rating. The firm has “Hold” rating given on Thursday, November 12 by BB&T Capital. The company was maintained on Monday, July 17 by Jefferies. The stock has “Hold” rating by Jefferies on Friday, June 23.

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 expect Prologis Inc (NYSE:PLD) to report $0.66 EPS on October, 19.They anticipate $0.07 EPS change or 9.59 % from last quarter’s $0.73 EPS. PLD’s profit would be $351.06M giving it 24.70 P/E if the $0.66 EPS is correct. After having $0.84 EPS previously, Prologis Inc’s analysts see -21.43 % 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.