Prologis (NYSE:PLD) Reaches New 12-Month High – Time to Buy?

Prologis, Inc. (NYSE:PLD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $141.95 and last traded at $141.6640, with a volume of 1390991 shares trading hands. The stock had previously closed at $138.97.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Royal Bank Of Canada boosted their price target on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Argus lifted their price objective on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.89.

Prologis Stock Up 2.0%

The firm has a market capitalization of $131.70 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 3.44 and a beta of 1.42. The business’s fifty day moving average price is $130.72 and its 200 day moving average price is $122.22. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $1.42 EPS. Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s payout ratio is 113.80%.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The shares were 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 in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

Hedge funds have recently added to or reduced their stakes in the company. Clayton Financial Group LLC purchased a new stake in shares of Prologis in the third quarter valued at approximately $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis during the fourth quarter worth about $27,000. Finally, SouthState Bank Corp grew its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds 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.