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Prologis downgraded to Sector Weight at KeyBanc » 07:14
11/23/20
11/23
07:14
11/23/20
07:14
PLD

Prologis

$100.31 /

+0.31 (+0.31%)

As previously reported,…

As previously reported, KeyBanc analyst Craig Mailman downgraded Prologis to Sector Weight from Overweight. The downgrade reflects his view that Prologis and the overall industrial group could be sources of funds during the expected value rotation, which could break the five-year streak of outperformance versus the REIT sector

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PLD Prologis
$100.31 /

+0.31 (+0.31%)

11/23/20 KeyBanc
Prologis downgraded to Sector Weight from Overweight at KeyBanc
10/16/20 UBS
Prologis initiated with a Buy at UBS
09/29/20 Goldman Sachs
Prologis resumed with a Buy at Goldman Sachs
08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
PLD Prologis
$100.31 /

+0.31 (+0.31%)

Downgrade
Prologis downgraded to Sector Weight from Overweight at KeyBanc » 04:39
11/23/20
11/23
04:39
11/23/20
04:39
PLD

Prologis

$100.31 /

+0.31 (+0.31%)

KeyBanc analyst Craig…

KeyBanc analyst Craig Mailman downgraded Prologis to Sector Weight from Overweight without a price target.

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PLD Prologis
$100.31 /

+0.31 (+0.31%)

10/16/20 UBS
Prologis initiated with a Buy at UBS
09/29/20 Goldman Sachs
Prologis resumed with a Buy at Goldman Sachs
08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
PLD Prologis
$100.31 /

+0.31 (+0.31%)

Over a month ago
Earnings
Prologis raises FY20 core FFO view to $3.76-$3.78 from $3.70 to $3.75 » 08:07
10/20/20
10/20
08:07
10/20/20
08:07
PLD

Prologis

$102.94 /

-1.26 (-1.21%)

Consensus is for FY20 FFO…

Consensus is for FY20 FFO $3.72. "Our outlook continues to improve based on results, leasing and lower credit losses," said Thomas S. Olinger, CFO . "Year-over-year Core FFO growth is sector leading at 13.7%at the midpoint, excluding promotes, while keeping leverage flat. Additionally, we continue to maintain significant dividend coverage of 1.6x and expect 2020 free cash flow after dividends of $1.1B."

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PLD Prologis
$102.94 /

-1.26 (-1.21%)

10/16/20 UBS
Prologis initiated with a Buy at UBS
09/29/20 Goldman Sachs
Prologis resumed with a Buy at Goldman Sachs
08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
PLD Prologis
$102.94 /

-1.26 (-1.21%)

PLD Prologis
$102.94 /

-1.26 (-1.21%)

Earnings
Prologis reports Q3 Core FFO 92c, consensus 88c » 08:05
10/20/20
10/20
08:05
10/20/20
08:05
PLD

Prologis

$102.94 /

-1.26 (-1.21%)

Reports Q3 revenue…

Reports Q3 revenue $1.08B, consensus $955.77M. Reports Cash Same Store NOI up 2.2%. "Activity in our portfolio is robust and broadening - a reflection of increased demand in the quarter across multiple sectors, the adoption of e-commerce and the need for higher levels of inventory," said Hamid R. Moghadam, chairman and CEO, Prologis. "We remain focused on addressing customer pain points through our investments in data, labor solutions, technology and innovation."

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PLD Prologis
$102.94 /

-1.26 (-1.21%)

10/16/20 UBS
Prologis initiated with a Buy at UBS
09/29/20 Goldman Sachs
Prologis resumed with a Buy at Goldman Sachs
08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
PLD Prologis
$102.94 /

-1.26 (-1.21%)

PLD Prologis
$102.94 /

-1.26 (-1.21%)

Initiation
Prologis initiated with a Buy at UBS » 07:13
10/16/20
10/16
07:13
10/16/20
07:13
PLD

Prologis

$104.98 /

+0.95 (+0.91%)

UBS analyst Brent Dilts…

UBS analyst Brent Dilts initiated coverage of Prologis with a Buy rating and $126 price target. The analyst cites "strong demand" driven by accelerating ecommerce and inventory builds. Dilts adds that ecommerce could require 3-times the logistics space of traditional brick-and-mortar retail, while noting that inventories could increase by 5%-10% to prevent product shortages that occurred when COVID first hit.

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PLD Prologis
$104.98 /

+0.95 (+0.91%)

09/29/20 Goldman Sachs
Prologis resumed with a Buy at Goldman Sachs
08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
07/28/20 Wells Fargo
Prologis price target raised to $115 from $110 at Wells Fargo
PLD Prologis
$104.98 /

+0.95 (+0.91%)

PLD Prologis
$104.98 /

+0.95 (+0.91%)

Initiation
Prologis resumed with a Buy at Goldman Sachs » 04:59
09/29/20
09/29
04:59
09/29/20
04:59
PLD

Prologis

$100.01 /

+2.37 (+2.43%)

Goldman Sachs analyst…

Goldman Sachs analyst Caitlin Burrows resumed coverage of Prologis with a Buy rating and $126 price target. The analyst resumed coverage of four industrial real estate investment trusts with a positive fundamental outlook, but also recognizes the sector's current valuation premium. Industry benefits from "secular demand tailwinds" such as e-commerce growth and increasing inventory levels are "offset somewhat by cyclical headwinds" such as weaker industrial production and international trade, Burrows tells investors in a research note. The analyst believes Prologis is differentiated by its balance sheet and earnings growth.

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PLD Prologis
$100.01 /

+2.37 (+2.43%)

PLD Prologis
$100.01 /

+2.37 (+2.43%)

08/24/20 Evercore ISI
Prologis downgraded to In Line from Outperform at Evercore ISI
08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
07/28/20 Wells Fargo
Prologis price target raised to $115 from $110 at Wells Fargo
07/22/20 BMO Capital
Prologis price target raised to $111 from $96 at BMO Capital
PLD Prologis
$100.01 /

+2.37 (+2.43%)

PLD Prologis
$100.01 /

+2.37 (+2.43%)

Over a quarter ago
Downgrade
Prologis downgraded to In Line from Outperform at Evercore ISI » 06:56
08/24/20
08/24
06:56
08/24/20
06:56
PLD

Prologis

$103.03 /

+0.4 (+0.39%)

Evercore ISI analyst…

Evercore ISI analyst Steve Sakwa downgraded Prologis to In Line from Outperform with a $106 price target.

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PLD Prologis
$103.03 /

+0.4 (+0.39%)

PLD Prologis
$103.03 /

+0.4 (+0.39%)

08/06/20 Deutsche Bank
Prologis price target raised to $121 from $90 at Deutsche Bank
07/28/20 Wells Fargo
Prologis price target raised to $115 from $110 at Wells Fargo
07/22/20 BMO Capital
Prologis price target raised to $111 from $96 at BMO Capital
04/24/20 Deutsche Bank
Prologis price target lowered to $90 from $96 at Deutsche Bank
PLD Prologis
$103.03 /

+0.4 (+0.39%)

PLD Prologis
$103.03 /

+0.4 (+0.39%)

Recommendations
Prologis price target raised to $121 from $90 at Deutsche Bank » 07:51
08/06/20
08/06
07:51
08/06/20
07:51
PLD

Prologis

$104.97 /

-0.62 (-0.59%)

Deutsche Bank analyst…

Deutsche Bank analyst Derek Johnston raised the firm's price target on Prologis to $121 from $90 and keeps a Buy rating on the shares post the company's Q2 results. The analyst says operating metrics for Prologis "have remained firm" and that he now forecasts real estate investment trust sector leading funds from operation and same store growth rates .

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PLD Prologis
$104.97 /

-0.62 (-0.59%)

PLD Prologis
$104.97 /

-0.62 (-0.59%)

07/28/20 Wells Fargo
Prologis price target raised to $115 from $110 at Wells Fargo
07/22/20 BMO Capital
Prologis price target raised to $111 from $96 at BMO Capital
04/24/20 Deutsche Bank
Prologis price target lowered to $90 from $96 at Deutsche Bank
04/13/20 Morgan Stanley
Morgan Stanley recommends Overweight Prologis, Underweight UPS pair trade
PLD Prologis
$104.97 /

-0.62 (-0.59%)

PLD Prologis
$104.97 /

-0.62 (-0.59%)

Recommendations
Prologis price target raised to $115 from $110 at Wells Fargo » 08:37
07/28/20
07/28
08:37
07/28/20
08:37
PLD

Prologis

$101.75 /

+1.81 (+1.81%)

Wells Fargo analyst…

Wells Fargo analyst Blaine Heck raised the firm's price target on Prologis to $115 from $110 and keeps an Overweight rating on the shares. The analyst notes that the company reported "strong" Q2 results and raised 2020 guidance, with notable increases in FFO, ssNOI, and development start guidance. He believes Prologis' balance between a solid growth profile/robust cash flow generation potential and strong balance sheet and liquidity position makes it an attractive investment amidst market uncertainty.

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PLD Prologis
$101.75 /

+1.81 (+1.81%)

PLD Prologis
$101.75 /

+1.81 (+1.81%)

07/22/20 BMO Capital
Prologis price target raised to $111 from $96 at BMO Capital
04/24/20 Deutsche Bank
Prologis price target lowered to $90 from $96 at Deutsche Bank
04/13/20 Morgan Stanley
Morgan Stanley recommends Overweight Prologis, Underweight UPS pair trade
04/06/20 Stifel
Prologis price target raised to $85 from $76 at Stifel
PLD Prologis
$101.75 /

+1.81 (+1.81%)

PLD Prologis
$101.75 /

+1.81 (+1.81%)

Recommendations
Prologis price target raised to $111 from $96 at BMO Capital » 07:27
07/22/20
07/22
07:27
07/22/20
07:27
PLD

Prologis

$97.92 /

+3.03 (+3.19%)

BMO Capital analyst…

BMO Capital analyst Jeremy Metz raised the firm's price target on Prologis to $111 from $96 and keeps an Outperform rating on the shares. While no business is totally immune from the impact of COVID-19, with industrial demand increasing and the lowest cost of debt in the REIT industry, Prologis comes close, Metz tells investors in a research note.

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PLD Prologis
$97.92 /

+3.03 (+3.19%)

PLD Prologis
$97.92 /

+3.03 (+3.19%)

04/24/20 Deutsche Bank
Prologis price target lowered to $90 from $96 at Deutsche Bank
04/13/20 Morgan Stanley
Morgan Stanley recommends Overweight Prologis, Underweight UPS pair trade
04/06/20 Stifel
Prologis price target raised to $85 from $76 at Stifel
03/18/20 Deutsche Bank
Deutsche Bank upgrades Simon Property to Buy amid COVID-19 risks
PLD Prologis
$97.92 /

+3.03 (+3.19%)

PLD Prologis
$97.92 /

+3.03 (+3.19%)

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