Shares of Prologis, Inc. (NYSE:PLD – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $146.26 and last traded at $145.7850, with a volume of 215990 shares traded. The stock had previously closed at $144.63.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on PLD shares. BTIG Research reissued a “buy” rating and set a $155.00 target price on shares of Prologis in a research note on Wednesday, April 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. UBS Group boosted 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. Argus boosted their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.
Read Our Latest Analysis on Prologis
Prologis Stock Performance
Prologis (NYSE:PLD – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Prologis’s 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. On average, research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.
Prologis Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.
Institutional Trading of Prologis
Several large investors have recently bought and sold shares of the business. High Point Wealth Management LLC acquired a new position in Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in Prologis in the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new position in Prologis in the 4th quarter valued at about $27,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.
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.
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