Jefferies Group began coverage on shares of Prologis Inc (NYSE:PLD) in a research report released on Friday morning, The Fly reports. The firm issued a hold rating and a $40.00 price objective on the stock.

Shares of Prologis (NYSE:PLD) traded down 0.93% during mid-day trading on Friday, hitting $39.48. The stock had a trading volume of 3,464,992 shares. The stock has a market cap of $20.70 billion and a price-to-earnings ratio of 17.86. The firm’s 50-day moving average price is $41.20 and its 200 day moving average price is $40.70. Prologis has a 12-month low of $36.26 and a 12-month high of $47.47.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Tuesday, January 26th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The firm earned $6.43 billion during the quarter, compared to the consensus estimate of $221.07 million. During the same quarter in the prior year, the business posted $0.48 EPS. Prologis’s revenue was up 39.3% compared to the same quarter last year. Equities analysts forecast that Prologis will post ($0.27) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th were given a $0.40 dividend. This is a positive change from Prologis’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, December 11th. This represents a $1.60 dividend on an annualized basis and a yield of 4.02%.

Other hedge funds and institutional investors have recently made changes to their positions in the company. ING Groep raised its position in shares of Prologis by 105.8% in the third quarter. ING Groep now owns 480,609 shares of the company’s stock worth $18,695,000 after buying an additional 247,070 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft raised its position in shares of Prologis by 20.1% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 464,157 shares of the company’s stock worth $17,942,000 after buying an additional 77,600 shares during the last quarter. KBC Group raised its position in shares of Prologis by 45.9% in the third quarter. KBC Group now owns 492,259 shares of the company’s stock worth $19,149,000 after buying an additional 154,955 shares during the last quarter. Eagle Asset Management raised its position in shares of Prologis by 100.4% in the third quarter. Eagle Asset Management now owns 2,327,124 shares of the company’s stock worth $90,524,000 after buying an additional 1,165,962 shares during the last quarter. Finally, TrimTabs Asset Management purchased a new position in shares of Prologis during the third quarter worth approximately $2,332,000.

PLD has been the subject of a number of other research reports. BB&T Corp. began coverage on Prologis in a research report on Wednesday, November 11th. They issued a hold rating and a $46.00 price objective for the company. Deutsche Bank raised their price objective on Prologis from $49.00 to $50.00 and gave the stock a buy rating in a research report on Wednesday, October 21st. Vetr downgraded Prologis from a buy rating to a hold rating and set a $43.76 price objective for the company. in a research report on Tuesday, October 20th. Barclays increased their target price on Prologis from $52.00 to $56.00 and gave the stock an outperform rating in a report on Monday, November 2nd. Finally, Cantor Fitzgerald reissued a buy rating on shares of Prologis in a report on Tuesday, December 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $46.88.

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.

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