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

Shares of Prologis, Inc. (NYSE:PLD) have been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $124.5556.

Several equities analysts have recently weighed in on PLD shares. Scotiabank set a $114.00 price target on shares of Prologis and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Mizuho set a $118.00 target price on Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Industrial Alliance Securities set a $119.00 target price on Prologis in a report on Monday, October 20th. Citigroup reduced their price target on Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Prologis in a report on Wednesday, October 8th.

Insider Buying and Selling

In other Prologis news, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer directly owned 414 shares in the company, valued at $46,090.62. This represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cristina Gabriela Bita sold 500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $123.14, for a total transaction of $61,570.00. Following the sale, the director owned 8,829 shares in the company, valued at $1,087,203.06. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,000 shares of company stock worth $3,013,665. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Prologis

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clayton Financial Group LLC acquired a new stake in shares of Prologis during the third quarter worth about $26,000. Activest Wealth Management boosted its stake in shares of Prologis by 637.1% during the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 223 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of Prologis during the first quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the first quarter worth about $34,000. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of Prologis during the third quarter worth about $36,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 0.2%

Shares of PLD stock opened at $123.99 on Wednesday. The stock’s fifty day moving average is $117.26 and its two-hundred day moving average is $110.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. The firm has a market capitalization of $115.17 billion, a P/E ratio of 36.15, a PEG ratio of 3.13 and a beta of 1.28. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $127.50.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. Research analysts expect that Prologis will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.3%. Prologis’s payout ratio is presently 117.78%.

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.