Analysts Set Prologis, Inc. (NYSE:PLD) Target Price at $149.76

Prologis, Inc. (NYSE:PLD) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $149.7619.

A number of equities analysts recently issued reports on PLD shares. JPMorgan Chase & Co. increased their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. BNP Paribas Exane increased their price objective on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Argus increased their price objective on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Mizuho increased their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th.

Prologis Stock Performance

Shares of PLD stock opened at $146.05 on Friday. Prologis has a 12-month low of $103.02 and a 12-month high of $146.27. The firm has a market capitalization of $136.17 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33. The business has a 50 day simple moving average of $137.85 and a 200 day simple moving average of $133.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts anticipate that Prologis will post 6.17 EPS for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Hedge Funds Weigh In On Prologis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. High Note Wealth LLC boosted its stake in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake in Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 76 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its stake in Prologis by 4.4% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 77 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake in Prologis by 3.4% during 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 purchasing an additional 79 shares in the last quarter. Finally, Dearborn Partners LLC boosted its stake in Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.