Prologis, Inc. (NYSE:PLD) Stock Has Consensus Target Price of $154.05

Key Points

• Analysts rate Prologis “Moderate Buy”: Of 25 analysts, 19 recommend buying or strong buying and six recommend holding; the average 12-month price target is $154.05.
• PLD opened at $127.11, below its 50-day average of $131.60 and 200-day average of $137.71. Its 12-month trading range is $121.40–$153.35.
• Prologis announced a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 3.4% yield. Institutional investors own 93.5% of the stock.

Prologis, Inc. (NYSE:PLD - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-five analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $154.05.

Several brokerages have commented on PLD. Wells Fargo & Company lowered their target price on Prologis from $166.00 to $158.00 and set an "overweight" rating for the company in a research note on Monday, November 2nd. UBS Group set a $150.00 target price on shares of Prologis in a report on Friday, October 16th. Raymond James Financial upgraded shares of Prologis from a "market perform" rating to an "outperform" rating and set a $163.00 price target on the stock in a research note on Wednesday, October 21st. Truist Financial reduced their price target on shares of Prologis from $162.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Finally, Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in Prologis in the 2nd quarter worth about $25,000. Solstein Capital LLC bought a new position in Prologis in the second quarter valued at about $25,000. Clearstead Trust LLC bought a new position in Prologis in the second quarter valued at about $28,000. Johnson Financial Group Inc. bought a new position in Prologis in the second quarter valued at about $29,000. Finally, Kilter Group LLC acquired a new stake in shares of Prologis during the second quarter valued at about $31,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Price Performance

Shares of PLD stock opened at $127.11 on Friday. The business has a fifty day simple moving average of $131.60 and a 200 day simple moving average of $137.71. The company has a market cap of $120.82 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.44 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. Prologis has a twelve month low of $121.40 and a twelve month high of $153.35.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis's payout ratio is presently 94.48%.

About Prologis

Prologis is a global logistics real estate company that owns, develops and operates warehouses, distribution centers and other facilities used to store and move goods. Its properties support customers in industries including retail, manufacturing, transportation and e-commerce.

The company also provides property management and development services and invests in logistics real estate through investment management platforms. Its facilities are located in major markets across North America, Europe, Asia and Latin America.

Prologis traces its roots to 1983, when it was established as Security Capital Industrial Trust.

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