Jefferies Sticks to Their Buy Rating for Prologis


In a report released yesterday, Jonathan Petersen from Jefferies reiterated a Buy rating on Prologis (NYSE: PLD), with a price target of $79. The company’s shares closed yesterday at $63.42.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 10.7% and a 75.2% success rate. Petersen covers the Financial sector, focusing on stocks such as Easterly Government Properties, First Industrial Realty Trust, and DCT Industrial Trust Inc.

Prologis has an analyst consensus of Strong Buy, with a price target consensus of $73.25.

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Based on Prologis’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $336 million. In comparison, last year the company had a net profit of $269 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Jeffrey Skelton, a Director at PLD sold 3,618 shares for a total of $236,653.

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, Inc. engages in the provision of real estate investment trust services. It operates through Real Estate Operations, and Strategic Capital segments. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.

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