Prologis (NYSE:PLD) Price Target Raised to $143.00 at Mizuho

Prologis (NYSE:PLD) had its price target hoisted by Mizuho from $138.00 to $143.00 in a research report released on Monday, Marketbeat reports. They currently have an outperform rating on the real estate investment trust’s stock.

PLD has been the subject of a number of other research reports. BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday. Argus increased their price objective on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. BNP Paribas Exane raised their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, UBS Group upped their price target on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.22.

Prologis Price Performance

Shares of Prologis stock opened at $126.50 on Monday. The stock has a market capitalization of $117.50 billion, a P/E ratio of 36.88, a PEG ratio of 3.71 and a beta of 1.40. The business has a 50 day simple moving average of $128.44 and a two-hundred day simple moving average of $119.48. Prologis has a 12 month low of $85.35 and a 12 month high of $134.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Prologis will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. Prologis’s dividend payout ratio is 113.80%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLD. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $27,000. Clayton Financial Group LLC purchased a new position in Prologis during the third quarter worth about $26,000. True Wealth Design LLC increased its position in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 122 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $38,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

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.