Prologis, Inc. (NYSE:PLD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Prologis, Inc. (NYSE:PLD) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $129.25.

Several research firms have issued reports on PLD. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $132.00 price objective (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Raymond James reaffirmed an “outperform” rating and issued a $125.00 price target (down from $130.00) on shares of Prologis in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price objective on Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Robert W. Baird raised Prologis from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $124.00 to $123.00 in a report on Monday. Finally, BMO Capital Markets lowered Prologis from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $120.00 to $104.00 in a research note on Friday, December 6th.

Prologis Stock Performance

NYSE PLD opened at $106.65 on Thursday. The stock has a market capitalization of $98.78 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 3.27 and a beta of 1.09. The stock has a 50-day moving average of $111.66 and a 200 day moving average of $118.64. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.56. Prologis has a twelve month low of $100.82 and a twelve month high of $135.76.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.29). Prologis had a return on equity of 5.34% and a net margin of 39.08%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Prologis will post 5.45 EPS for the current fiscal year.

Prologis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 116.01%.

Institutional Trading of Prologis

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Prologis by 534.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after buying an additional 8,545,336 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Prologis by 145.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock worth $456,320,000 after acquiring an additional 2,138,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Prologis in the 2nd quarter worth approximately $203,223,000. AMF Tjanstepension AB boosted its position in shares of Prologis by 267.9% during the 3rd quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock worth $236,879,000 after purchasing an additional 1,365,811 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Prologis by 326.3% in the 2nd quarter. Federated Hermes Inc. now owns 1,774,932 shares of the real estate investment trust’s stock valued at $199,343,000 after purchasing an additional 1,358,542 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.