Is BMO Capital Positive On Shares of Prologis (NYSE:PLD)?

September 17, 2017 - By Clifton Ray

 Is BMO Capital Positive On Shares of Prologis (NYSE:PLD)?

Investors sentiment increased to 1.15 in Q4 2016. 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.

Ellington Mgmt Gp Llc has 13,000 shares. Oakbrook Invests Ltd Liability Company holds 0.08% or 22,120 shares. Piedmont Investment Advisors Ltd Liability Company has 1,494 shares for 0% of their portfolio. 35,228 were reported by Commonwealth Fincl Bank Of. Adelante Mgmt Ltd Liability Com stated it has 4.9% in Prologis Inc (NYSE:PLD). Prudential Pcl reported 0.12% of its portfolio in Prologis Inc (NYSE:PLD). Thrivent Financial For Lutherans holds 275,156 shares. Driehaus Cap Mngmt Limited Liability Company owns 47,346 shares for 0.09% of their portfolio. Moreover, Plante Moran Financial Advsrs has 0% invested in Prologis Inc (NYSE:PLD) for 140 shares. 78 were reported by Cwm Lc. Neuberger Berman Gp Limited Liability Com owns 0.17% invested in Prologis Inc (NYSE:PLD) for 2.37M shares. Fund Management Sa holds 0.08% of its portfolio in Prologis Inc (NYSE:PLD) for 165,646 shares. 191,597 are held by State Of Alaska Department Of Revenue. Advsrs Asset, a Colorado-based fund reported 27,506 shares. Cleararc Capital accumulated 1.24% or 130,593 shares.

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

BMO Capital issued to investors and clients in a research report that it has started coverage on Prologis (NYSE:PLD) stock, with “Buy” rating and a $69.0 target price.

Investors sentiment increased to 1.15 in Q4 2016. 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.

Ellington Mgmt Gp Llc has 13,000 shares. Oakbrook Invests Ltd Liability Company holds 0.08% or 22,120 shares. Piedmont Investment Advisors Ltd Liability Company has 1,494 shares for 0% of their portfolio. 35,228 were reported by Commonwealth Fincl Bank Of. Adelante Mgmt Ltd Liability Com stated it has 4.9% in Prologis Inc (NYSE:PLD). Prudential Pcl reported 0.12% of its portfolio in Prologis Inc (NYSE:PLD). Thrivent Financial For Lutherans holds 275,156 shares. Driehaus Cap Mngmt Limited Liability Company owns 47,346 shares for 0.09% of their portfolio. Moreover, Plante Moran Financial Advsrs has 0% invested in Prologis Inc (NYSE:PLD) for 140 shares. 78 were reported by Cwm Lc. Neuberger Berman Gp Limited Liability Com owns 0.17% invested in Prologis Inc (NYSE:PLD) for 2.37M shares. Fund Management Sa holds 0.08% of its portfolio in Prologis Inc (NYSE:PLD) for 165,646 shares. 191,597 are held by State Of Alaska Department Of Revenue. Advsrs Asset, a Colorado-based fund reported 27,506 shares. Cleararc Capital accumulated 1.24% or 130,593 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 firm earned “Equal Weight” rating on Monday, October 17 by CapitalOne. The firm has “Sell” rating by Goldman Sachs given on Monday, December 14. The company was maintained on Tuesday, July 19 by Barclays Capital. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Wednesday, September 9 by Stifel Nicolaus. On Friday, February 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Robert W. Baird to “Outperform” on Monday, November 28. The stock of Prologis Inc (NYSE:PLD) has “Buy” rating given on Tuesday, July 25 by KeyBanc Capital Markets. SunTrust upgraded Prologis Inc (NYSE:PLD) on Tuesday, September 5 to “Buy” rating. BB&T Capital initiated it with “Hold” rating and $46 target in Thursday, November 12 report. Stifel Nicolaus maintained Prologis Inc (NYSE:PLD) rating on Wednesday, October 21. Stifel Nicolaus has “Buy” rating and $47 target.

The stock increased 0.54% or $0.35 on September 15, reaching $65.2. About 4.19 million 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.

Wall Street await Prologis Inc (NYSE:PLD) to release earnings on October, 19. Analysts forecast earnings per share of $0.66, down exactly $0.07 or 9.59 % from 2014’s $0.73 EPS. The expected PLD’s profit could reach $351.06M giving the stock 24.70 P/E in the case that $0.66 earnings per share is reported. After posting $0.84 EPS for the previous quarter, Prologis Inc’s analysts now forecast -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 Reports No Significant Damage from Hurricane Harvey” on September 05, 2017. Also Nasdaq.com published the news titled: “Prologis, Inc. (PLD) Ex-Dividend Date Scheduled for September 15, 2017” on September 14, 2017. Prnewswire.com‘s news article titled: “Prologis Declares Quarterly Dividends and Announces Redemption of 4.00% Notes …” with publication date: September 07, 2017 was also an interesting one.

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