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

Prologis, Inc. (NYSE:PLD) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $132.60.

A number of analysts have weighed in on the stock. StockNews.com raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Royal Bank of Canada downgraded shares of Prologis from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $124.00 to $127.00 in a report on Monday, August 5th. Argus increased their price target on shares of Prologis from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Mizuho reduced their price target on shares of Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Scotiabank increased their price target on shares of Prologis from $130.00 to $135.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 7th.

Hedge Funds Weigh In On Prologis

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in Prologis during the 4th quarter valued at about $27,000. Optimum Investment Advisors bought a new position in Prologis during the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its holdings in Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 168 shares during the last quarter. American Capital Advisory LLC bought a new position in Prologis during the 2nd quarter valued at about $26,000. Finally, Clear Investment Research LLC lifted its holdings in Prologis by 188.1% during the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 158 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

NYSE PLD opened at $121.90 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $116.51 and a 200 day simple moving average of $119.43. The company has a market cap of $112.86 billion, a P/E ratio of 35.64, a P/E/G ratio of 3.02 and a beta of 1.06. Prologis has a 1 year low of $96.64 and a 1 year high of $137.52.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.41). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Prologis had a return on equity of 4.88% and a net margin of 36.37%. Prologis’s quarterly revenue was down 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.83 earnings per share. On average, sell-side analysts predict that Prologis will post 5.43 EPS for the current year.

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.