Prologis (NYSE:PLD) Sets New 52-Week High – Here’s What Happened

Prologis, Inc. (NYSE:PLD)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $149.72 and last traded at $149.64, with a volume of 2518 shares trading hands. The stock had previously closed at $148.74.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PLD shares. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BNP Paribas Exane upped their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research note on Friday, April 17th. Finally, Evercore set a $135.00 price objective on shares of Prologis in a research note on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Performance

The firm has a market capitalization of $136.20 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. The company’s 50 day moving average is $142.52 and its 200-day moving average is $135.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its 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 business 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%. Prologis’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio is currently 107.81%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in Prologis by 22.3% during the first quarter. Empowered Funds LLC now owns 53,096 shares of the real estate investment trust’s stock worth $7,018,000 after acquiring an additional 9,682 shares in the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of Prologis by 5.0% in the first quarter. FAS Wealth Partners Inc. now owns 26,284 shares of the real estate investment trust’s stock valued at $3,474,000 after buying an additional 1,243 shares in the last quarter. Rathbones Group PLC lifted its stake in shares of Prologis by 17.2% in the first quarter. Rathbones Group PLC now owns 6,798 shares of the real estate investment trust’s stock valued at $899,000 after buying an additional 998 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Prologis by 4.9% in the first quarter. Parallel Advisors LLC now owns 10,663 shares of the real estate investment trust’s stock valued at $1,410,000 after buying an additional 501 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Prologis by 1.3% in the first quarter. NewEdge Advisors LLC now owns 667,027 shares of the real estate investment trust’s stock valued at $88,168,000 after buying an additional 8,741 shares in the last quarter. 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.