Brokerages Set Prologis, Inc. (NYSE:PLD) Target Price at $130.13

Shares of Prologis, Inc. (NYSE:PLD) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $130.13.

Several research firms recently issued reports on PLD. Evercore ISI upped their price target on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Barclays increased their price target on shares of Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price objective (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Truist Financial decreased their target price on Prologis from $137.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Finally, Morgan Stanley upped their price target on Prologis from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. RFG Advisory LLC raised its position in shares of Prologis by 11.8% during the 2nd quarter. RFG Advisory LLC now owns 17,746 shares of the real estate investment trust’s stock worth $1,993,000 after buying an additional 1,870 shares in the last quarter. Strong Tower Advisory Services bought a new stake in Prologis during the second quarter worth approximately $220,000. Sequoia Financial Advisors LLC lifted its position in Prologis by 6.5% in the second quarter. Sequoia Financial Advisors LLC now owns 10,401 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 638 shares during the period. M&G Plc boosted its stake in Prologis by 3.4% during the 2nd quarter. M&G Plc now owns 3,010 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 100 shares in the last quarter. Finally, Dakota Community Bank & Trust NA increased its position in shares of Prologis by 11.9% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 2,007 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 214 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE:PLD opened at $113.17 on Friday. The firm has a 50-day moving average of $117.35 and a two-hundred day moving average of $119.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $104.81 billion, a P/E ratio of 34.18, a PEG ratio of 3.27 and a beta of 1.07. Prologis has a 1-year low of $101.11 and a 1-year high of $137.52.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the company posted $1.30 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts expect that Prologis will post 5.45 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, December 16th. Prologis’s dividend payout ratio (DPR) is 116.01%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.