In a report released today, Blaine Heck from Wells Fargo maintained a Buy rating on Prologis (PLD – Research Report), with a price target of $142.00. The company’s shares closed yesterday at $115.79.
Heck covers the Real Estate sector, focusing on stocks such as Terreno Realty, Rexford Industrial Realty, and Cousins Properties. According to TipRanks, Heck has an average return of -2.1% and a 45.83% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Prologis with a $146.40 average price target.
PLD market cap is currently $109.8B and has a P/E ratio of 36.06.
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Prologis (PLD) Company Description:
Prologis, Inc. is a real estate investment trust which is engaged in the logistics real estate business. The company owns, operates and develops industrial real estate, with a focus on the consumption side of the global supply chain.
