Prologis, Inc. (NYSE:PLD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Prologis, Inc. (NYSE:PLD) has received an average rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $120.47.

A number of research analysts recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Prologis from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Evercore ISI decreased their target price on shares of Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada decreased their target price on shares of Prologis from $128.00 to $117.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 29th. Barclays decreased their target price on shares of Prologis from $132.00 to $119.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their target price on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, May 5th.

Institutional Trading of Prologis

Hedge funds have recently modified their holdings of the stock. Aviva PLC lifted its stake in shares of Prologis by 36.6% during the 4th quarter. Aviva PLC now owns 695,187 shares of the real estate investment trust’s stock worth $73,481,000 after buying an additional 186,187 shares during the last quarter. Alley Investment Management Company LLC lifted its stake in shares of Prologis by 102.8% during the 1st quarter. Alley Investment Management Company LLC now owns 108,335 shares of the real estate investment trust’s stock worth $12,111,000 after buying an additional 54,914 shares during the last quarter. Allstate Corp lifted its stake in shares of Prologis by 111.7% during the 4th quarter. Allstate Corp now owns 74,518 shares of the real estate investment trust’s stock worth $7,877,000 after buying an additional 39,321 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Prologis by 1,451.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 31,180 shares of the real estate investment trust’s stock worth $3,486,000 after buying an additional 29,170 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Prologis by 9.3% in the 1st quarter. Truist Financial Corp now owns 297,270 shares of the real estate investment trust’s stock worth $33,232,000 after purchasing an additional 25,229 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.2%

Shares of NYSE:PLD opened at $106.69 on Monday. Prologis has a 12 month low of $85.35 and a 12 month high of $132.57. The company has a quick ratio of 0.41, a current ratio of 0.19 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $107.49 and its 200 day simple moving average is $109.68. The firm has a market cap of $99.00 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.69 and a beta of 1.23.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, research analysts forecast that Prologis will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, June 17th. Prologis’s dividend payout ratio is presently 109.49%.

Prologis Company Profile

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.