Bank of America Securities Remains a Buy on Prologis (PLD)
Bank of America Securities analyst Samir Khanal maintained a Buy rating on Prologis today and set a price target of $147.00.
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According to TipRanks, Khanal is a 2-star analyst with an average return of 0.3% and a 56.73% success rate. Khanal covers the Real Estate sector, focusing on stocks such as Prologis, Americold Realty, and Rexford Industrial Realty.
In addition to Bank of America Securities, Prologis also received a Buy from TipRanks – Google’s Google REIT – Industrial in a report issued on February 15. However, on the same day, TipRanks – Anthropic downgraded Prologis (NYSE: PLD) to a Hold.
Based on Prologis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.25 billion and a net profit of $1.4 billion. In comparison, last year the company earned a revenue of $2.2 billion and had a net profit of $1.28 billion
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLD in relation to earlier this year. Last month, James B. Connor, a Director at PLD sold 80,000.00 shares for a total of $10,126,400.00.
Read More on PLD:
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- 3 Best Vanguard Dividend ETFs for Steady Passive Income
- Prologis raises quarterly dividend 6% to $4.28 per share
- Prologis price target raised to $135 from $132 at RBC Capital
- Prologis: Positioned for a New Industrial Upcycle with Strengthening Fundamentals and High-Value Growth Platforms
- Prologis price target lowered to $139 from $142 at Truist
