Prologis, Inc. (NYSE:PLD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Prologis, Inc. (NYSE:PLD) has earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $152.00.

PLD has been the topic of several research analyst reports. UBS Group increased their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada lifted their price target on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. DA Davidson upped their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. BMO Capital Markets cut their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Finally, BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Prologis

Large investors have recently modified their holdings of the company. Nvwm LLC lifted its stake in Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Prologis during the 3rd quarter worth $42,158,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Prologis in the 4th quarter worth $2,581,000. Avanza Fonder AB grew its stake in shares of Prologis by 8.4% in the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after acquiring an additional 5,508 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Prologis by 30.3% in the third quarter. Bank of Nova Scotia now owns 154,542 shares of the real estate investment trust’s stock valued at $17,698,000 after purchasing an additional 35,922 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 0.2%

Shares of PLD stock opened at $139.21 on Monday. Prologis has a fifty-two week low of $103.41 and a fifty-two week high of $150.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a 50 day simple moving average of $142.78 and a two-hundred day simple moving average of $136.88. The company has a market cap of $129.79 billion, a P/E ratio of 35.07 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts forecast that Prologis will post 6.17 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s dividend payout ratio is 107.81%.

About Prologis

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.