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

Shares of Prologis, Inc. (NYSE:PLDGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $149.7619.

Several research firms have weighed in on PLD. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Bank of America lifted their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Robert W. Baird lifted their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group lowered their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th.

Check Out Our Latest Report on PLD

Prologis Trading Down 0.1%

NYSE PLD opened at $144.60 on Friday. Prologis has a twelve month low of $103.02 and a twelve month high of $145.44. 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 market cap of $134.82 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 3.19 and a beta of 1.33. The firm’s 50 day moving average price is $137.62 and its two-hundred day moving average price is $133.27.

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

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Hedge Funds Weigh In On Prologis

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in Prologis in the second quarter worth $422,000. NewEdge Advisors LLC boosted its holdings in Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Prologis (NYSE:PLD)

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