Prologis, Inc. (NYSE:PLD – Get Free Report) has been assigned an average rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given 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 objective among analysts that have issued ratings on the stock in the last year is $120.42.
Several research analysts have recently weighed in on the company. Scotiabank boosted their price target on Prologis from $97.00 to $100.00 and gave the stock a “sector underperform” rating in a research note on Monday, May 12th. Evercore ISI decreased their price target on Prologis from $111.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday, April 17th. Mizuho reduced their price objective on Prologis from $117.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Truist Financial reduced their price objective on Prologis from $123.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Finally, Raymond James reiterated a “market perform” rating on shares of Prologis in a research report on Monday, February 3rd.
Read Our Latest Stock Analysis on Prologis
Prologis Stock Down 0.5%
Prologis (NYSE:PLD – Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. Prologis had a return on equity of 6.44% and a net margin of 45.50%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Equities analysts forecast that Prologis will post 5.73 earnings per share for the current fiscal year.
Prologis Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.72%. The ex-dividend date is Tuesday, June 17th. Prologis’s dividend payout ratio is presently 101.00%.
Institutional Trading of Prologis
Several hedge funds have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in shares of Prologis in the fourth quarter worth about $26,000. Crowley Wealth Management Inc. bought a new position in shares of Prologis in the fourth quarter worth about $27,000. Activest Wealth Management boosted its stake in shares of Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 223 shares during the period. Centricity Wealth Management LLC bought a new position in shares of Prologis in the fourth quarter worth about $30,000. Finally, REAP Financial Group LLC boosted its stake in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 84 shares during the period. Institutional investors own 93.50% of the company’s stock.
About Prologis
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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