Prologis Receives a Buy from BMO Capital


In a report released today, Jeremy Metz from BMO Capital reiterated a Buy rating on Prologis (NYSE: PLD). The company’s shares closed yesterday at $63.28.

According to TipRanks.com, Metz is a 1-star analyst with an average return of -3.7% and a 28.6% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, General Growth Properties Inc, and Monmouth Real Estate ate.

Prologis has an analyst consensus of Strong Buy, with a price target consensus of $71.80.

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The company has a one-year high of $67.53 and a one-year low of $54.60. Currently, Prologis has an average volume of 2.52M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Losh, a Director at PLD sold 3,618 shares for a total of $236,545.

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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