Wall Street Zen Downgrades Prologis (NYSE:PLD) to Sell

Prologis (NYSE:PLD) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on PLD. UBS Group raised their price objective on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. BNP Paribas Exane lifted their price objective on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, The Goldman Sachs Group raised their target price on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.32.

Prologis Price Performance

Shares of PLD stock opened at $137.04 on Friday. The stock’s fifty day simple moving average is $129.47 and its 200 day simple moving average is $120.80. Prologis has a one year low of $85.35 and a one year high of $137.49. The firm has a market cap of $127.29 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 3.37 and a beta of 1.42. 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 data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business earned $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. On average, analysts expect that Prologis will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Prologis

In other news, 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 transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Prologis

A number of hedge funds and other institutional investors have recently bought and sold shares of PLD. Vanguard Group Inc. boosted its position in shares of Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. State Street Corp lifted its stake in Prologis by 1.9% in the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares during the period. Geode Capital Management LLC boosted its holdings 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 buying an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Prologis by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after buying an additional 253,338 shares during the period. Finally, Norges Bank acquired a new position in shares of Prologis during the 2nd quarter worth about $1,288,936,000. 93.50% of the stock is owned by institutional investors.

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.