Prologis (NYSE:PLD) Reaches New 12-Month High – Should You Buy?

Prologis, Inc. (NYSE:PLD) hit a new 52-week high on Wednesday . The company traded as high as $132.19 and last traded at $132.0090, with a volume of 1373957 shares. The stock had previously closed at $130.22.

Analyst Ratings Changes

PLD has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Baird R W cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. UBS Group boosted their price objective on Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Truist Financial reissued a “buy” rating and issued a $131.00 target price (up previously from $120.00) on shares of Prologis in a research report on Monday, October 20th. Finally, Evercore ISI raised their price objective on Prologis from $116.00 to $118.00 in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $131.18.

Prologis Stock Performance

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $122.66 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 3.79 and a beta of 1.40. The company has a 50 day simple moving average of $127.38 and a 200-day simple moving average of $118.01.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.82 EPS for the quarter. The business had revenue of $2.21 billion during the quarter. Prologis had a net margin of 36.71% and a return on equity of 5.55%. As a group, equities research analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio is presently 117.78%.

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James B. Connor sold 80,000 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $126.58, for a total transaction of $10,126,400.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 81,121 shares of company stock worth $10,267,210. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Prologis

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lantz Financial LLC increased its stake in shares of Prologis by 10.0% during the fourth quarter. Lantz Financial LLC now owns 3,513 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 318 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Prologis by 15.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 22,043 shares of the real estate investment trust’s stock worth $2,814,000 after purchasing an additional 2,995 shares during the period. Woodward Diversified Capital LLC raised its stake in Prologis by 9.2% during the fourth quarter. Woodward Diversified Capital LLC now owns 5,713 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 479 shares during the last quarter. LVW Advisors LLC boosted its stake in Prologis by 15.3% in the 4th quarter. LVW Advisors LLC now owns 12,295 shares of the real estate investment trust’s stock worth $1,570,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Crumly & Associates Inc. grew its holdings in shares of Prologis by 2.9% during the fourth quarter. Crumly & Associates Inc. now owns 9,307 shares of the real estate investment trust’s stock valued at $1,188,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

About Prologis

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.