Prologis (NYSE:PLD – Get Free Report)‘s stock had its “market perform” rating reissued by investment analysts at Raymond James Financial in a research report issued to clients and investors on Thursday,Benzinga reports.
Several other analysts have also issued reports on the stock. Robert W. Baird raised their price target on shares of Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Mizuho raised their price target on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Scotiabank lowered shares of Prologis from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Citigroup raised their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets upgraded shares of Prologis from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $151.86.
Check Out Our Latest Stock Report on Prologis
Prologis Stock Performance
Prologis (NYSE:PLD – Get Free Report) 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 the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts forecast that Prologis will post 6.18 EPS for the current year.
Insider Transactions at Prologis
In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Prologis
A number of institutional investors have recently modified their holdings of the stock. Nvwm LLC grew its position in shares of Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Prologis during the 4th quarter worth approximately $2,581,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Prologis during the 3rd quarter worth approximately $42,158,000. Laffer Tengler Investments Inc. grew its position in shares of Prologis by 20.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 44,608 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 7,658 shares during the period. Finally, Avanza Fonder AB grew its position in shares of Prologis by 8.4% during the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after buying an additional 5,508 shares during the period. 93.50% of the stock is owned by institutional investors.
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.
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