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

Shares of Prologis, Inc. (NYSE:PLD) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $125.3889.

Several brokerages have recently issued reports on PLD. Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Truist Financial reissued a “buy” rating and set a $131.00 target price (up from $120.00) on shares of Prologis in a research note on Monday, October 20th. Scotiabank boosted their price objective on shares of Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and boosted their price target for the company from $118.00 to $130.00 in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prologis in a research report on Tuesday.

Prologis Stock Performance

Shares of PLD stock opened at $128.55 on Friday. The company has a market cap of $119.41 billion, a P/E ratio of 37.48, a PEG ratio of 3.13 and a beta of 1.29. The business has a 50 day moving average of $121.56 and a two-hundred day moving average of $113.17. Prologis has a 52 week low of $85.35 and a 52 week high of $129.33. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.03 billion. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, analysts anticipate that Prologis will post 5.73 EPS for the current year.

Insiders Place Their Bets

In related news, 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 transaction, the director directly owned 8,829 shares in the company, valued at $1,087,203.06. The trade was a 5.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,000 shares of company stock worth $230,415 over the last 90 days. 0.57% of the stock is owned by company insiders.

Institutional Trading of Prologis

A number of institutional investors and hedge funds have recently modified their holdings of PLD. Brighton Jones LLC increased its stake in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares during the period. Burney Co. acquired a new stake in Prologis during the first quarter valued at approximately $201,000. Advisor OS LLC bought a new stake in shares of Prologis in the 1st quarter valued at approximately $203,000. Journey Strategic Wealth LLC raised its holdings in shares of Prologis by 32.5% in the 1st quarter. Journey Strategic Wealth LLC now owns 2,859 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 702 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Prologis by 18.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 52,718 shares of the real estate investment trust’s stock worth $5,893,000 after buying an additional 8,127 shares in the last quarter. 93.50% of the stock is currently owned by 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.