RBC Capital analyst Michael Carroll maintained a Buy rating on Prologis (PLD – Research Report) today and set a price target of $124.00. The company’s shares closed last Friday at $105.89.
According to TipRanks, Carroll is a 4-star analyst with an average return of 5.7% and a 59.57% success rate. Carroll covers the Real Estate sector, focusing on stocks such as Healthpeak Properties, Prologis, and Medical Properties.
In addition to RBC Capital, Prologis also received a Buy from Bank of America Securities’s Camille Bonnel in a report issued on April 30. However, on the same day, Robert W. Baird assigned a Hold rating to Prologis (NYSE: PLD).
Based on Prologis’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.96 billion and a net profit of $585.72 million. In comparison, last year the company earned a revenue of $1.77 billion and had a net profit of $464.62 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on PLD:
- Prologis price target lowered to $117 from $137 at Baird
- Prologis price target lowered to $123 from $135 at Barclays
- Prologis price target lowered to $125 from $142 at Truist
- 3 Best REIT Stocks to Buy in April 2024, According to Analysts
- Cisco downgraded, Lucid resumed: Wall Street’s top analyst calls
