SunTrust Robinson Believes Prologis (NYSE: PLD) Won’t Stop Here

By Ryan Adsit

SunTrust Robinson analyst Ki Bin Kim reiterated a Buy rating on Prologis (NYSE: PLD) today and set a price target of $68. The company’s shares opened today at $64.43, close to its 52-week high of $65.54.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 8.0% and a 65.5% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, National Storage Affiliates Trust, and General Growth Properties Inc.

Currently, the analyst consensus on Prologis is Strong Buy and the average price target is $65.57, representing a 1.8% upside.

In a report issued on September 28, KeyBanc also reiterated a Buy rating on the stock with a $65 price target.

Prologis’ market cap is currently $34.27B and has a P/E ratio of 29.05. The company has a book value ratio of 2.3205.

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Prologis, Inc. is a real estate investment trust. It operates through two segments: Real Estate Operations and Strategic Capital. The Real Estate Operations segment represents the ownership and development of logistics properties and also includes rental revenues, recoveries and expenses recognized from its consolidated properties.