Prologis, Inc. (NYSE:PLD) Receives Average Recommendation of “Moderate Buy” from Analysts

Prologis, Inc. (NYSE:PLD) has earned an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $137.20.

Several equities analysts have recently weighed in on PLD shares. Truist Financial cut their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Citigroup initiated coverage on Prologis in a research note on Thursday, March 5th. They set a “buy” rating and a $145.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Finally, Mizuho increased their price objective on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th.

Institutional Trading of Prologis

A number of institutional investors have recently modified their holdings of PLD. High Note Wealth LLC grew its holdings in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares in the last quarter. Dakota Community Bank & Trust NA lifted its stake in Prologis by 3.4% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 79 shares in the last quarter. Dearborn Partners LLC lifted its stake in Prologis by 4.2% in the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 79 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in Prologis by 3.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 80 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after acquiring an additional 82 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of Prologis stock opened at $135.14 on Tuesday. The company has a market capitalization of $125.62 billion, a PE ratio of 38.07, a PEG ratio of 3.33 and a beta of 1.41. Prologis has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $134.09 and its 200 day simple moving average is $125.75.

Prologis (NYSE:PLD) last posted its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. The company’s revenue 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, research analysts predict that Prologis will post 5.73 EPS for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. This is a boost 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 3.2%. Prologis’s dividend payout ratio is currently 113.80%.

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.