Prologis, Inc. (NYSE:PLD) Receives $121.89 Average Price Target from Analysts

Shares of Prologis, Inc. (NYSE:PLDGet Free Report) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $121.68.

A number of research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Raymond James reissued a “market perform” rating on shares of Prologis in a report on Monday, February 3rd. BTIG Research lowered their price objective on Prologis from $154.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada cut their target price on Prologis from $128.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Finally, Evercore ISI lowered their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research report on Thursday, April 17th.

View Our Latest Analysis on PLD

Institutional Trading of Prologis

Large investors have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in Prologis in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Prologis in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter valued at approximately $30,000. REAP Financial Group LLC lifted its stake in shares of Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 84 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Prologis in the 4th quarter worth approximately $34,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Up 1.4 %

PLD stock opened at $106.97 on Wednesday. The stock’s 50 day simple moving average is $105.95 and its 200 day simple moving average is $111.43. The company has a market cap of $99.26 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.75. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $132.57.

Prologis (NYSE:PLDGet Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Prologis had a return on equity of 6.44% and a net margin of 45.50%. On average, research analysts expect that Prologis will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.78%. Prologis’s payout ratio is 101.00%.

About Prologis

(Get Free Report

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.

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Analyst Recommendations for Prologis (NYSE:PLD)

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