Analysts Set Prologis, Inc. (NYSE:PLD) PT at $128.88

Shares of Prologis, Inc. (NYSE:PLD) have been given an average rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $128.88.

PLD has been the topic of a number of recent research reports. Evercore ISI lifted their price objective 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. Raymond James reiterated an “outperform” rating and issued a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. The Goldman Sachs Group restated a “neutral” rating and set a $132.00 price objective (down from $142.00) on shares of Prologis in a research note on Monday, October 21st. Truist Financial lowered their target price on Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, BMO Capital Markets cut Prologis from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $120.00 to $104.00 in a research report on Friday, December 6th.

Prologis Price Performance

PLD opened at $105.63 on Thursday. The company has a fifty day moving average price of $111.89 and a two-hundred day moving average price of $118.54. The firm has a market capitalization of $97.83 billion, a PE ratio of 31.91, a P/E/G ratio of 3.27 and a beta of 1.07. Prologis has a 52 week low of $100.82 and a 52 week high of $135.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.43 and a current ratio of 0.43.

Prologis (NYSE:PLD) last announced 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Prologis will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.96 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.64%. Prologis’s dividend payout ratio is currently 116.01%.

Institutional Investors Weigh In On Prologis

Institutional investors have recently modified their holdings of the business. Semmax Financial Advisors Inc. purchased a new position in Prologis during the 2nd quarter valued at approximately $27,000. Dunhill Financial LLC increased its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 182 shares during the period. Sunbelt Securities Inc. lifted its stake in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 224 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Prologis during the second quarter valued at approximately $31,000. Finally, Hara Capital LLC purchased a new position in shares of Prologis in the 3rd quarter valued at $48,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

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.