Prologis (NYSE:PLD) Stock Price Expected to Rise, Mizuho Analyst Says

Prologis (NYSE:PLD) had its price objective hoisted by equities researchers at Mizuho from $118.00 to $138.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 7.84% from the stock’s previous close.

A number of other equities analysts have also issued reports on PLD. Scotiabank increased their price target on Prologis from $127.00 to $133.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. UBS Group set a $138.00 price objective on Prologis in a report on Thursday. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $130.00 in a report on Tuesday, September 16th. Wells Fargo & Company boosted their price target on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.78.

Prologis Stock Performance

Shares of PLD opened at $127.97 on Thursday. The firm has a market capitalization of $118.87 billion, a PE ratio of 37.31, a P/E/G ratio of 3.94 and a beta of 1.40. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $123.04 and a 200 day moving average price of $113.81. Prologis has a 52-week low of $85.35 and a 52-week high of $130.45.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, sell-side analysts anticipate that Prologis will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares in the company, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 1,621 shares of company stock worth $198,655. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Clayton Financial Group LLC acquired a new stake in Prologis during the 3rd quarter worth about $26,000. Activest Wealth Management lifted its position 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 purchasing an additional 223 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis in the first quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis during the first quarter worth approximately $34,000. Finally, Silver Oak Securities Incorporated purchased a new position in Prologis during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

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.