Prologis, Inc. (NYSE:PLD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Prologis, Inc. (NYSE:PLD) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $134.24.

Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price target on Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a report on Thursday, April 18th. UBS Group dropped their price objective on Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Barclays dropped their price objective on Prologis from $141.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Royal Bank of Canada increased their price objective on Prologis from $128.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Mizuho reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Prologis in a research report on Tuesday, April 2nd.

Prologis Price Performance

Shares of NYSE:PLD opened at $104.03 on Friday. Prologis has a 1-year low of $96.64 and a 1-year high of $137.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.08 and a quick ratio of 0.30. The business has a fifty day moving average price of $125.06 and a 200-day moving average price of $121.86. The company has a market capitalization of $96.23 billion, a PE ratio of 30.42, a PEG ratio of 2.14 and a beta of 1.00.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from Prologis’s previous quarterly dividend of $0.87. This represents a $3.84 annualized dividend and a yield of 3.69%. Prologis’s payout ratio is 112.28%.

Institutional Investors Weigh In On Prologis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 boosted its position in shares of Prologis by 16.0% in the fourth quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 723 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of Prologis by 39.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock worth $5,599,000 after purchasing an additional 11,882 shares during the period. DNB Asset Management AS boosted its position in shares of Prologis by 17.1% in the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock worth $38,324,000 after purchasing an additional 42,073 shares during the period. Grassi Investment Management boosted its position in shares of Prologis by 31.8% in the fourth quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust’s stock worth $33,611,000 after purchasing an additional 60,900 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its position in shares of Prologis by 255.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 16,124 shares of the real estate investment trust’s stock worth $2,149,000 after purchasing an additional 11,582 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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 1.2 billion square feet (115 million square meters) in 19 countries.