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

Prologis, Inc. (NYSE:PLD) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $137.20.

PLD has been the topic of several research reports. Barclays reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Argus raised their price target on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Mizuho upped their price objective on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Truist Financial reduced their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th.

Prologis Trading Down 0.6%

Shares of Prologis stock opened at $128.93 on Friday. The firm has a market cap of $120.19 billion, a PE ratio of 36.32, a P/E/G ratio of 3.06 and a beta of 1.41. Prologis has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a fifty day moving average price of $134.66 and a 200-day moving average price of $127.41.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Prologis will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 120.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PLD. Norges Bank purchased a new stake in Prologis during the fourth quarter valued at about $1,589,125,000. Cardano Risk Management B.V. increased its stake in shares of Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. Swedbank AB increased its stake in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after purchasing an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

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.