Prologis, Inc. (NYSE:PLD) Receives $145.55 Consensus Target Price from Analysts

Shares of Prologis, Inc. (NYSE:PLDGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $147.2857.

Several research firms have recently commented on PLD. Weiss Ratings cut shares of Prologis from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday. DA Davidson raised their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays restated an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. Finally, UBS Group raised their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th.

Read Our Latest Stock Analysis on PLD

More Prologis News

Here are the key news stories impacting Prologis this week:

Prologis Trading Down 0.1%

Shares of Prologis stock opened at $142.15 on Wednesday. Prologis has a 1 year low of $100.22 and a 1 year high of $145.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.16. The company has a market capitalization of $132.52 billion, a P/E ratio of 35.81, a PEG ratio of 3.14 and a beta of 1.40. The company’s fifty day moving average is $136.70 and its two-hundred day moving average is $130.66.

Prologis (NYSE:PLDGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm posted $1.43 EPS. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts forecast that Prologis will post 6.16 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $1.07 per share. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. Prologis’s payout ratio is presently 107.81%.

Institutional Trading of Prologis

Institutional investors have recently added to or reduced their stakes in the stock. Ares Financial Consulting LLC acquired a new position in Prologis during the fourth quarter worth about $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp raised its position in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

About Prologis

(Get Free Report)

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.

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Analyst Recommendations for Prologis (NYSE:PLD)

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