Prologis, Inc. (NYSE:PLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Prologis, Inc. (NYSE:PLDGet Free Report) has been given an average rating of “Moderate Buy” by the twenty-one brokerages that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $137.20.

A number of research firms have issued reports on PLD. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. BTIG Research increased their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Evercore raised their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Finally, Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd.

Read Our Latest Stock Analysis on Prologis

Prologis Stock Up 0.1%

NYSE PLD opened at $133.91 on Friday. The business has a fifty day moving average price of $134.93 and a two-hundred day moving average price of $128.07. The stock has a market capitalization of $124.84 billion, a PE ratio of 37.72, a PEG ratio of 3.16 and a beta of 1.40. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLDGet Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Prologis will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, March 17th. Prologis’s dividend payout ratio (DPR) is currently 120.56%.

Institutional Investors Weigh In On Prologis

Hedge funds have recently modified their holdings of the company. Clayton Financial Group LLC bought a new position in Prologis in the third quarter valued at about $26,000. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the fourth quarter worth about $27,000. Finally, SouthState Bank Corp grew its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Trending Headlines about Prologis

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Prologis Company Profile

(Get Free Report)

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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Analyst Recommendations for Prologis (NYSE:PLD)

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