Goldman Sachs analyst Caitlin Burrows maintained a Buy rating on Prologis (PLD – Research Report) yesterday and set a price target of $140.00. The company’s shares closed yesterday at $104.08.
According to TipRanks, Burrows is an analyst with an average return of -3.1% and a 40.57% success rate. Burrows covers the Real Estate sector, focusing on stocks such as SL Green Realty, Brixmor Property, and Phillips Edison & Company.
In addition to Goldman Sachs, Prologis also received a Buy from Argus Research’s Marie Ferguson in a report issued yesterday. However, on the same day, BMO Capital downgraded Prologis (NYSE: PLD) to a Hold.
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.
