Prologis (NYSE:PLD) Upgraded to Hold at StockNews.com

Prologis (NYSE:PLDGet Free Report) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on PLD. Barclays cut their target price on shares of Prologis from $135.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Scotiabank dropped their price objective on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 16th. Royal Bank of Canada reduced their target price on Prologis from $145.00 to $124.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Argus lowered their price target on shares of Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, UBS Group reduced their price objective on shares of Prologis from $151.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.76.

Read Our Latest Analysis on PLD

Prologis Stock Performance

Shares of PLD stock opened at $110.20 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $110.55 and a 200-day moving average of $122.31. Prologis has a one year low of $96.64 and a one year high of $137.52. The company has a market cap of $102.03 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.42 and a beta of 1.07.

Institutional Investors Weigh In On Prologis

A number of large investors have recently made changes to their positions in the business. Optimum Investment Advisors bought a new stake in Prologis in the first quarter valued at $26,000. True Wealth Design LLC purchased a new position in shares of Prologis during the fourth quarter valued at about $27,000. Thompson Investment Management Inc. bought a new position in Prologis in the fourth quarter worth about $28,000. JFS Wealth Advisors LLC raised its stake in Prologis by 254.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC lifted its holdings in Prologis by 188.1% in the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 158 shares during the period. 93.50% of the stock is currently owned by institutional investors.

About Prologis

(Get Free Report)

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.

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