Prologis Inc (NYSE:PLD) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: April 20, 2017
Having a price of $54.20, Prologis Inc (NYSE:PLD) traded -0.11% lower on the day. The last stock price is up 6.09% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Prologis Inc has recorded a 50-day average of $51.67 and a two hundred day average of $51.13. Volume of trade was down over the average, with 519,717 shares of PLD changing hands under the typical 2,971,390
Zacks Investment Research has downgraded Prologis Inc (NYSE:PLD) to Hold in a statement released on 04/20/2017.
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Prologis Inc has a 52 week low of $43.96 and a 52 week high of $55.93 with a P/E ratio of 23.90 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 firms have issued a report on the stock. The consensus target price is $15.46 with 4 firms rating the stock a strong buy, 10 firms rating the stock a buy, 6 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Prologis Inc (NYSE:PLD)
Prologis, Inc. is a real estate investment trust (REIT) company. The Company is engaged in logistics real estate business. The Company's segments include Real Estate Operations and Strategic Capital. The Real estate operations segment consists of rental operations and development. The Company's strategic capital segment includes asset management services, as well as services performed for unconsolidated co-investment ventures. Its strategic capital segment gives the Company access to third-party capital, both private and public. As of December 31, 2016, the Company owned or had investments in, on an owned basis or through co-investment ventures, properties and development projects across 676 million square feet (63 million square meters) in 20 countries spanning four continents.
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