Prologis (NYSE:PLD) Earns Buy Rating from Analysts at Citigroup

Citigroup started coverage on shares of Prologis (NYSE:PLD) in a research note published on Thursday. The brokerage issued a buy rating and a $145.00 price target on the real estate investment trust’s stock.

A number of other research firms have also commented on PLD. Robert W. Baird reissued a “neutral” rating and issued a $130.00 target price (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, Evercore raised their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Prologis Stock Down 2.5%

Shares of Prologis stock opened at $134.42 on Thursday. The company has a 50-day simple moving average of $133.95 and a two-hundred day simple moving average of $125.46. The stock has a market capitalization of $124.95 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 3.33 and a beta of 1.41. Prologis has a 52-week low of $85.35 and a 52-week high of $143.95. 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:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The business’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. On average, analysts anticipate that Prologis will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PLD. High Note Wealth LLC boosted its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA increased its holdings in Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 79 shares during the last quarter. Dearborn Partners LLC raised its position in Prologis by 4.2% in the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 79 shares during the period. Peddock Capital Advisors LLC boosted its stake in shares of Prologis by 3.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 80 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after acquiring an additional 82 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

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.