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

Shares of Prologis, Inc. (NYSE:PLD) have been given an average recommendation of “Moderate Buy” by the twenty research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $121.84.

Several research firms recently issued reports on PLD. Truist Financial decreased their price objective on shares of Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a report on Monday, May 5th. Robert W. Baird reduced their price target on shares of Prologis from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. CJS Securities reduced their price target on shares of Prologis from $140.00 to $117.00 in a report on Friday, April 11th. Finally, UBS Group increased their price target on shares of Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, January 28th.

Hedge Funds Weigh In On Prologis

A number of hedge funds have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Prologis during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. bought a new position in Prologis during the 4th quarter valued at about $27,000. Centricity Wealth Management LLC bought a new position in Prologis during the 4th quarter valued at about $30,000. REAP Financial Group LLC lifted its holdings in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Prologis during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

NYSE PLD opened at $109.74 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $105.46 and a 200 day simple moving average of $111.24. The company has a market cap of $101.83 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.70 and a beta of 1.25. Prologis has a 1 year low of $85.35 and a 1 year high of $132.57.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 45.50% and a return on equity of 6.44%. On average, sell-side analysts predict that Prologis will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Prologis’s dividend payout ratio is 101.00%.

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.