Jefferies Group reissued their hold rating on shares of Prologis Inc (NYSE:PLD) in a report released on Saturday morning, MarketBeat.Com reports. The firm currently has a $41.00 target price on the stock, up from their previous target price of $40.00.

Other hedge funds have bought and sold shares of the company. Simplex Trading increased its stake in Prologis by 250.0% in the fourth quarter. Simplex Trading now owns 7 shares of the company’s stock worth $0 after buying an additional 5 shares during the period. Natixis Asset Management increased its stake in Prologis by 9.5% in the third quarter. Natixis Asset Management now owns 12,332 shares of the company’s stock worth $480,000 after buying an additional 1,069 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Prologis by 16.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 15,457 shares of the company’s stock worth $663,000 after buying an additional 2,201 shares during the period. Quadrant Capital Management LLC increased its stake in Prologis by 7.7% in the fourth quarter. Quadrant Capital Management LLC now owns 23,511 shares of the company’s stock worth $1,009,000 after buying an additional 1,675 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in Prologis during the fourth quarter worth $1,575,000.

PLD has been the subject of a number of other reports. Oppenheimer reissued a buy rating and set a $50.00 price objective on shares of Prologis in a research report on Wednesday, October 21st. Deutsche Bank raised their target price on Prologis from $49.00 to $50.00 and gave the company a buy rating in a report on Wednesday, October 21st. Morgan Stanley raised their target price on Prologis from $47.00 to $49.00 and gave the company an overweight rating in a report on Friday, October 16th. TheStreet upgraded Prologis to a buy rating in a report on Thursday, October 22nd. Finally, Barclays raised their target price on Prologis from $49.00 to $53.00 and gave the company an overweight rating in a report on Tuesday, October 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. Prologis presently has an average rating of Buy and a consensus target price of $46.99.

Prologis (NYSE:PLD) traded up 1.52% during trading on Friday, hitting $39.47. 5,184,816 shares of the stock traded hands. The company’s 50 day moving average price is $40.93 and its 200 day moving average price is $40.68. Prologis has a 12 month low of $36.26 and a 12 month high of $45.81. The company has a market cap of $20.67 billion and a P/E ratio of 24.11.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, January 26th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. During the same period in the previous year, the business posted $0.48 earnings per share. The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $221.07 million. The firm’s revenue for the quarter was up 39.3% compared to the same quarter last year. On average, equities research analysts anticipate that Prologis will post ($0.27) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Tuesday, December 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.05%. This is a positive change from Prologis’s previous quarterly dividend of $0.28.

Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Company’s business consists of two operating segments: Real Estate Operations and Strategic Capital. The Company’s customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, 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 590 million square feet (NYSE:PLD) in 21 countries.

12 Month Chart for NYSE:PLD

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