Prologis, Inc. (NYSE:PLD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Prologis, Inc. (NYSE:PLD) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $134.24.

Several brokerages have recently weighed in on PLD. Raymond James upped their price objective on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Argus dropped their price objective on shares of Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Morgan Stanley upped their price objective on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Finally, UBS Group dropped their price objective on shares of Prologis from $151.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, April 18th.

Institutional Investors Weigh In On Prologis

Institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new position in shares of Prologis during the 1st quarter valued at approximately $26,000. True Wealth Design LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $27,000. Thompson Investment Management Inc. bought a new position in shares of Prologis during the 4th quarter valued at approximately $28,000. FinTrust Capital Advisors LLC grew its position in shares of Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 232 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in shares of Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 168 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Up 0.7 %

Shares of NYSE:PLD opened at $104.03 on Friday. The company has a market capitalization of $96.23 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.08 and a quick ratio of 0.30. The business’s 50-day moving average is $125.06 and its 200-day moving average is $121.86. Prologis has a 1 year low of $96.64 and a 1 year high of $137.52.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.69%. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date was Friday, March 15th. Prologis’s dividend payout ratio is presently 112.28%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.