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

Shares of Prologis, Inc. (NYSE:PLD) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $137.20.

A number of brokerages recently issued reports on PLD. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Morgan Stanley set a $135.00 price target on Prologis in a research report on Friday, January 16th. Citigroup began coverage on shares of Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 price target on the stock. Finally, Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Prologis in the fourth quarter worth $1,589,125,000. Cardano Risk Management B.V. boosted its stake in Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after buying an additional 10,207,267 shares during the period. Swedbank AB grew its position in Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after buying an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. grew its position in Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after buying an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Trading Down 0.6%

Shares of PLD stock opened at $128.93 on Friday. The stock has a market capitalization of $120.19 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 3.06 and a beta of 1.41. The company’s fifty day simple moving average is $134.66 and its two-hundred day simple moving average is $127.41. Prologis has a 1 year low of $85.35 and a 1 year high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts anticipate that Prologis will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.3%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio is currently 120.56%.

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.