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

Prologis, Inc. (NYSE:PLD) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $129.1765.

Several equities analysts have recently issued reports on PLD shares. Barclays decreased their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating for the company in a report on Monday, September 15th. Mizuho lifted their price target on Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Wells Fargo & Company boosted their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. BMO Capital Markets upgraded Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price objective on the stock in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th.

Prologis Stock Performance

Shares of NYSE PLD opened at $129.35 on Monday. The company has a 50 day simple moving average of $127.16 and a two-hundred day simple moving average of $117.67. The stock has a market cap of $120.15 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.80 and a beta of 1.40. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62. Prologis has a 12 month low of $85.35 and a 12 month high of $131.70.

Prologis (NYSE:PLD) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.82 earnings per share for the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The firm had revenue of $2.21 billion for the quarter. As a group, analysts predict that Prologis will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is currently 117.78%.

Insider Transactions at Prologis

In other Prologis news, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $126.58, for a total value of $10,126,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 81,121 shares of company stock valued at $10,267,210. Insiders own 0.57% of the company’s stock.

Institutional Trading of Prologis

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Prologis by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock valued at $13,978,870,000 after buying an additional 323,551 shares in the last quarter. State Street Corp raised its position in Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after acquiring an additional 1,088,544 shares during the period. Geode Capital Management LLC raised its position in Prologis by 1.4% during the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock worth $2,345,922,000 after acquiring an additional 310,333 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Prologis by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after purchasing an additional 253,338 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Prologis in the second quarter valued at about $1,288,936,000. 93.50% of the stock is owned by institutional investors and hedge funds.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.