Analysts Set Prologis, Inc. (NYSE:PLD) PT at $154.52

Prologis, Inc. (NYSE:PLDGet Free Report) has been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $154.5238.

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings downgraded Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. BMO Capital Markets reduced their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, Scotiabank increased their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd.

Read Our Latest Stock Analysis on PLD

Institutional Investors Weigh In On Prologis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its holdings in Prologis by 1,510.7% in the 2nd quarter. Anchor Investment Management LLC now owns 451 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 423 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Prologis by 0.3% during the second quarter. Sequoia Financial Advisors LLC now owns 27,758 shares of the real estate investment trust’s stock valued at $3,760,000 after acquiring an additional 84 shares in the last quarter. National Pension Service grew its stake in shares of Prologis by 1.0% during the second quarter. National Pension Service now owns 2,832,204 shares of the real estate investment trust’s stock valued at $383,679,000 after acquiring an additional 29,124 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Prologis by 15.1% during the second quarter. Engineers Gate Manager LP now owns 5,644 shares of the real estate investment trust’s stock worth $765,000 after acquiring an additional 740 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Prologis by 3.8% during the second quarter. Cidel Asset Management Inc. now owns 3,067 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $136.01 on Friday. The firm’s fifty day simple moving average is $141.12 and its 200 day simple moving average is $140.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis has a twelve month low of $111.03 and a twelve month high of $153.35. The firm has a market capitalization of $126.91 billion, a price-to-earnings ratio of 30.29 and a beta of 1.30.

Prologis (NYSE:PLDGet Free Report) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts expect that Prologis will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is 95.32%.

About Prologis

(Get Free Report)

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

Further Reading

Analyst Recommendations for Prologis (NYSE:PLD)

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