Prologis (NYSE:PLD) Downgraded by StockNews.com

Prologis (NYSE:PLD) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other research firms also recently issued reports on PLD. Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Mizuho restated a “neutral” rating and issued a $130.00 target price on shares of Prologis in a research note on Tuesday, April 2nd. BMO Capital Markets downgraded shares of Prologis from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $145.00 to $112.00 in a research note on Monday. The Goldman Sachs Group decreased their target price on shares of Prologis from $163.00 to $140.00 and set a “buy” rating for the company in a research note on Monday. Finally, Barclays decreased their target price on shares of Prologis from $141.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.41.

Prologis Trading Down 1.6 %

PLD traded down $1.65 during trading on Wednesday, hitting $103.18. 4,770,766 shares of the company’s stock were exchanged, compared to its average volume of 3,472,218. The company has a current ratio of 0.08, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Prologis has a 1 year low of $96.64 and a 1 year high of $137.52. The stock has a 50 day moving average price of $126.24 and a 200 day moving average price of $122.03. The firm has a market cap of $95.45 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Institutional Trading of Prologis

A number of institutional investors and hedge funds have recently modified their holdings of PLD. True Wealth Design LLC acquired a new stake in shares of Prologis in the 4th quarter worth about $27,000. Optimum Investment Advisors acquired a new stake in shares of Prologis in the 1st quarter worth about $26,000. Thompson Investment Management Inc. acquired a new stake in shares of Prologis in the 4th quarter worth about $28,000. JFS Wealth Advisors LLC increased its holdings in shares of Prologis by 254.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 168 shares during the period. Finally, Clear Investment Research LLC increased its holdings in shares of Prologis by 188.1% in the 4th quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 158 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.