Prologis, Inc. (NYSE:PLD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Prologis, Inc. (NYSE:PLD) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $129.06.

A number of equities analysts have issued reports on PLD shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $132.00 price objective (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. Evercore ISI lifted their price target on shares of Prologis from $124.00 to $128.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Baird R W upgraded shares of Prologis from a “hold” rating to a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Barclays boosted their price target on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th.

Prologis Trading Down 1.0 %

Shares of PLD opened at $105.53 on Thursday. Prologis has a 1-year low of $100.82 and a 1-year high of $135.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $111.28 and its 200-day moving average price is $118.53. The firm has a market capitalization of $97.74 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.27 and a beta of 1.09.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a net margin of 39.08% and a return on equity of 5.34%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Prologis will post 5.45 EPS for the current year.

Prologis Dividend Announcement

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

Institutional Trading of Prologis

Large investors have recently made changes to their positions in the stock. Semmax Financial Advisors Inc. purchased a new stake in Prologis in the second quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its stake in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 224 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Prologis in the second quarter worth $31,000. Dunhill Financial LLC increased its position in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares during the last quarter. Finally, Hara Capital LLC bought a new position in Prologis in the third quarter valued at about $48,000. 93.50% of the stock is currently owned by institutional investors.

About Prologis

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.