Prologis (NYSE:PLD) Rating Lowered to Sell at Wall Street Zen

Prologis (NYSE:PLD) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

PLD has been the topic of several other research reports. Morgan Stanley set a $135.00 target price on Prologis in a research note on Friday, January 16th. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $133.00 to $146.00 in a research report on Wednesday, January 14th. Argus upped their price objective on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group lifted their target price on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, BNP Paribas Exane increased their price objective on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.32.

Prologis Stock Up 0.7%

PLD stock opened at $137.04 on Friday. The company’s 50 day simple moving average is $129.47 and its 200-day simple moving average is $120.96. Prologis has a 52-week low of $85.35 and a 52-week high of $137.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The firm has a market capitalization of $127.29 billion, a P/E ratio of 38.60, a P/E/G ratio of 3.39 and a beta of 1.42.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Prologis will post 5.73 EPS for the current year.

Insider Buying and Selling

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in shares of Prologis in the third quarter valued at about $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter worth about $26,000. Ares Financial Consulting LLC bought a new stake in Prologis during the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis in the 4th quarter valued at approximately $27,000. Finally, High Note Wealth LLC increased its position in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.