Prologis (NYSE:PLD) Reaches New 52-Week High After Analyst Upgrade

Prologis, Inc. (NYSE:PLDGet Free Report)’s stock price reached a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $146.00 to $157.00. Jefferies Financial Group currently has a buy rating on the stock. Prologis traded as high as $142.40 and last traded at $141.0540, with a volume of 125799 shares changing hands. The stock had previously closed at $141.51.

A number of other research analysts have also recently commented on PLD. Argus boosted their price target on Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. BTIG Research lifted their price target on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Finally, Mizuho increased their price objective on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Check Out Our Latest Report on PLD

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’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 directly owned 8,208 shares in the company, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by insiders.

Key Stories Impacting Prologis

Here are the key news stories impacting Prologis this week:

Institutional Investors Weigh In On Prologis

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLD. Virtu Financial LLC purchased a new position in shares of Prologis in the 4th quarter worth approximately $436,000. MV Capital Management Inc. purchased a new position in Prologis during the fourth quarter worth $43,000. Cambient Family Office LLC bought a new position in Prologis during the fourth quarter valued at $238,000. Wick Capital Partners LLC bought a new position in Prologis during the fourth quarter valued at $326,000. Finally, WealthPoint Financial LLC purchased a new stake in shares of Prologis in the fourth quarter valued at $238,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Down 0.5%

The stock has a market cap of $130.85 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. The company’s fifty day moving average price is $131.79 and its 200-day moving average price is $123.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLDGet Free Report) last posted its quarterly earnings data 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $1.42 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $1.07 dividend. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.0%. Prologis’s dividend payout ratio is currently 113.80%.

About Prologis

(Get Free Report)

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.

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