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Prologis on the Street: How Analysts See PLD Stock

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Jun. 22 2017, Updated 9:06 a.m. ET

Analyst ratings for Prologis

Prologis’s (PLD) potential performance for the rest of 2017 can be seen in its current analyst ratings. The analysts covering Prologis have assigned the stock a mean price target of $57.8, which is the same as its current price level.

Ten of the 18 analysts covering the stock right now have issued “buy” or “strong buy” ratings. The remaining eight analysts have given PLD a “hold” rating. Compared to the ratings issued in March 2017, the number of PLD’s “strong buy” and “buy” ratings have dipped from 11 to ten.

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Peer ratings

Among Prologis’ major peers, seven of 15 analysts gave Duke Realty (DRE) a “buy” or “strong buy” rating. Eight analysts gave DRE a “hold” rating.

Eight of the 14 analysts covering Kilroy Realty (KRC) gave the company a “buy” or “strong buy” rating. Six analysts gave it a “hold” rating.

Four of the 13 analysts covering Brandywine Realty Trust (BDN) gave it a “buy” or “strong buy” rating. Nine analysts gave BDN a “hold” rating.

Notably, Prologis, Duke Realty, Kilroy, and Boston Properties together make up 14.1% of the iShares Cohen & Steers REIT ETF (ICF). ICF’s portfolio is broadly diversified in terms of geography and product, and such diversity can provide a cushion against industrial and macroeconomic headwinds and volatility.

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