Capital One Financial Upgrades Prologis to Hold

In a report issued on October 17, Tom Lesnick from Capital One Financial upgraded Prologis (NYSE: PLD) to Hold. The company’s shares closed yesterday at $52.07, close to its 52-week high of $54.87.

According to, Lesnick is ranked #2131 out of 4180 analysts.

Prologis has an analyst consensus of Moderate Buy, with a price target consensus of $55.60.

Based on Prologis’ latest earnings report from June 30, the company posted quarterly revenue of $835.7M and quarterly net profit of $277.1M. In comparison, last year the company earned revenue of $873.5M and had a net profit of $260.7M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Gary E. Anderson, a the CEO, Europe and Asia of PLD sold 33,043 shares for a total of $1,793,574.

Prologis, Inc. is a real estate investment trust, which engages in the provision of real estate logistics. It operates through the Real Estate Operations and Strategic Capital segments. The Real Estate Operations segment includes the Rental Operations and Capital Deployment activities. The Rental Operations includes collection of rent from their customers under operating leases, including reimbursements for the vast majority of its operating costs. The Capital Deployment activities include includes the development, redevelopment and acquisition of industrial properties. The Strategic Capital segment manages third-party capital on behalf of institutional partners. The company was founded in 1991 and is headquartered in San Francisco, CA.