Scotiabank analyst Nicholas Yulico maintained a Buy rating on Prologis (PLD – Research Report) today and set a price target of $149.00. The company’s shares closed yesterday at $106.49.
According to TipRanks, Yulico is an analyst with an average return of -1.7% and a 46.61% success rate. Yulico covers the Real Estate sector, focusing on stocks such as Hudson Pacific Properties, SL Green Realty, and Douglas Emmett.
Currently, the analyst consensus on Prologis is a Strong Buy with an average price target of $145.29, which is a 36.44% upside from current levels. In a report released today, Barclays also assigned a Buy rating to the stock with a $135.00 price target.
Based on Prologis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.89 billion and a net profit of $630.94 million. In comparison, last year the company earned a revenue of $1.75 billion and had a net profit of $587.21 million
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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.
