Prologis which can be found using ticker (PLD) now have 21 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between $193.00 and $125. calculating the average target price we see $142.24. Given that the stocks previous close was at $114.15 this is indicating there is a potential upside of 24.6%. The 50 day MA is $124.15 and the 200 day MA is $119.00. The market capitalization for the company is $108,069m. Company Website: https://www.prologis.com
The potential market cap would be $134,662m based on the market consensus.
Prologis is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
The company has a dividend yield of 3.05% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 26.9, revenue per share of 8 and a 2.21% return on assets.
