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

Shares of Prologis, Inc. (NYSE:PLD) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $128.88.

PLD has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Prologis from $142.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Truist Financial decreased their price target on shares of Prologis from $137.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Scotiabank decreased their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, December 4th. Evercore ISI lifted their price target on shares of Prologis from $124.00 to $128.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st.

Prologis Trading Down 0.3 %

Shares of PLD stock opened at $111.68 on Friday. The firm has a 50 day moving average price of $116.88 and a two-hundred day moving average price of $119.01. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $103.44 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 3.27 and a beta of 1.07. Prologis has a 12-month low of $101.11 and a 12-month high of $137.52.

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

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.96 dividend. The ex-dividend date is Monday, December 16th. This represents a $3.84 annualized dividend and a yield of 3.44%. Prologis’s dividend payout ratio is presently 116.01%.

Institutional Investors Weigh In On Prologis

A number of institutional investors and hedge funds have recently made changes to their positions in PLD. American Capital Advisory LLC purchased a new stake in Prologis during the second quarter worth about $26,000. Semmax Financial Advisors Inc. purchased a new stake in Prologis during the second quarter worth about $27,000. Sunbelt Securities Inc. boosted its holdings in Prologis by 640.0% during the second 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 in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Prologis during the second quarter worth about $31,000. Finally, Dunhill Financial LLC boosted its holdings in Prologis by 239.5% during the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 182 shares in the last quarter. 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.