Brokerages Set Prologis, Inc. (NYSE:PLD) PT at $129.18

Prologis, Inc. (NYSE:PLD) has earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $131.1765.

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Mizuho raised their price target on shares of Prologis from $118.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Truist Financial reiterated a “buy” rating and set a $131.00 price target (up previously from $120.00) on shares of Prologis in a report on Monday, October 20th. Barclays reissued an “overweight” rating and issued a $139.00 price objective on shares of Prologis in a research note on Tuesday. Finally, UBS Group raised their target price on Prologis from $137.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th.

Prologis Price Performance

Shares of PLD opened at $132.05 on Monday. Prologis has a 12-month low of $85.35 and a 12-month high of $132.22. The business has a 50-day simple moving average of $127.54 and a two-hundred day simple moving average of $118.11. 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 cap of $122.66 billion, a PE ratio of 38.50, a PEG ratio of 3.82 and a beta of 1.40.

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 firm had revenue of $2.21 billion for the quarter. Prologis had a return on equity of 5.55% and a net margin of 36.71%. Analysts anticipate that Prologis will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James B. Connor sold 80,000 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were 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 ninety days, insiders sold 81,121 shares of company stock worth $10,267,210. 0.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Prologis

A number of hedge funds have recently bought and sold shares of the company. Lantz Financial LLC boosted its holdings in Prologis by 10.0% in the fourth quarter. Lantz Financial LLC now owns 3,513 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 318 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Prologis by 15.7% during 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 position in shares of 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 worth $729,000 after purchasing an additional 479 shares during the period. LVW Advisors LLC lifted its holdings in shares of 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 position in Prologis by 2.9% in the 4th quarter. Crumly & Associates Inc. now owns 9,307 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 265 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

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.