Prologis (NYSE:PLD) Sets New 1-Year High – Here’s Why

Prologis, Inc. (NYSE:PLD) shares reached a new 52-week high on Monday . The company traded as high as $149.72 and last traded at $149.64, with a volume of 2518 shares trading hands. The stock had previously closed at $148.74.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Bank of America boosted their price objective on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. BTIG Research reiterated a “buy” rating and set a $155.00 target price on shares of Prologis in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Trading Up 0.2%

The stock has a market cap of $138.97 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The stock’s 50-day moving average is $141.99 and its two-hundred day moving average is $135.57. 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 announced its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Announces Dividend

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

Institutional Trading of Prologis

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Prologis in the 2nd quarter worth about $422,000. NewEdge Advisors LLC increased its holdings in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after buying an additional 10,266 shares in the last quarter. 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.