Prologis reports earnings, core FFO above expectations; shares up
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Goldman Sachs Reiterates Buy Rating on ProLogis (PLD)
October 16, 2024 11:40 AM EDTGoldman Sachs analyst Caitlin Burrows reiterated a Buy rating and $142.00 price target on ProLogis (NYSE: PLD).
The analyst comments "PLD reported core (including promote income) 3Q24 FFOPS of $1.43, +3.6%/+4.4% higher than GS estimate of $1.38/FactSet consensus of $1.37. Excluding promote income, PLD 3Q24 core FFO was... More
BTIG Reiterates Buy Rating on ProLogis (PLD)
October 16, 2024 10:13 AM EDTBTIG analyst Thomas Catherwood reiterated a Buy rating and $154.00 price target on ProLogis (NYSE: PLD)
The analyst comments " Prologis reported 3Q24 Core FFO/ch of $1.43, $0.05 above our estimate and $0.06 above the Street, primarily driven by gains from foreign currency/derivatives. The company raised FY 2024 guidance by $0.01 to $5.44 at the midpoint, which implies Q4 FFO/sh of $1.38, ($0.03) below consensus. We view Q3 earnings as... More
Evercore ISI Reiterates In Line Rating on ProLogis (PLD)
October 16, 2024 9:56 AM EDTEvercore ISI analyst Steve Sakwa reiterated an In Line rating and $128.00 price target on ProLogis (NYSE: PLD).
The analyst comments "This morning, PLD reported Q3 core FFO of $1.43 which came in well ahead of our estimate / consensus of $1.37, largely on better operations as they beat us on rental revenue and strategic capital revenue while rental expenses came in lighter than... More
BMO Capital Reiterates Market Perform Rating on ProLogis (PLD)
October 16, 2024 9:50 AM EDTBMO Capital analyst John Kim reiterated a Market Perform rating and $122.00 price target on ProLogis (NYSE: PLD).
The analyst comments "PLD had a $0.06/share Core FFOps beat in 3Q24, although we believe this was primarily driven by currency gains with the stronger Euro... More
Barclays Reiterates Overweight Rating on ProLogis (PLD)
October 16, 2024 9:50 AM EDTBarclays analyst Anthony F. Powell reiterated an Overweight rating and $131.00 price target on ProLogis (NYSE: PLD).
The analyst comments "Management struck a conservative tone on the September conference circuit, so the 3Q23 Core FFOps beat and slightly increased guidance likely met investors low bar.... More
