Prologis (NYSE:PLD) Earns Neutral Rating from Mizuho

Mizuho reiterated their neutral rating on shares of Prologis (NYSE:PLD - Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $130.00 target price on the real estate investment trust's stock.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of Prologis from a neutral rating to an overweight rating and boosted their price objective for the stock from $123.00 to $148.00 in a research note on Monday, December 18th. Royal Bank of Canada boosted their price objective on shares of Prologis from $128.00 to $145.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $137.00 and gave the stock a neutral rating in a research note on Tuesday, January 23rd. TheStreet raised shares of Prologis from a c+ rating to a b- rating in a research note on Friday, January 26th. Finally, StockNews.com raised shares of Prologis from a sell rating to a hold rating in a research note on Thursday, December 14th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Prologis currently has an average rating of Moderate Buy and a consensus target price of $141.67.

Prologis Trading Down 1.8 %

Shares of PLD traded down $2.34 during trading hours on Tuesday, reaching $125.58. 3,182,674 shares of the company traded hands, compared to its average volume of 3,115,075. The company's fifty day moving average price is $130.66 and its two-hundred day moving average price is $121.83. The company has a market capitalization of $116.17 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.50. Prologis has a 12 month low of $96.64 and a 12 month high of $137.52.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.58). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Prologis had a net margin of 38.13% and a return on equity of 5.29%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. Equities research analysts predict that Prologis will post 5.5 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.06%. This is a boost from Prologis's previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis's payout ratio is presently 116.72%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Columbia Trust Co 01012016 increased its holdings in Prologis by 16.0% during the fourth quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust's stock valued at $698,000 after buying an additional 723 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in Prologis by 39.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust's stock valued at $5,599,000 after buying an additional 11,882 shares during the last quarter. DNB Asset Management AS increased its holdings in Prologis by 17.1% during the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust's stock valued at $38,324,000 after buying an additional 42,073 shares during the last quarter. Grassi Investment Management increased its holdings in Prologis by 31.8% during the fourth quarter. Grassi Investment Management now owns 252,146 shares of the real estate investment trust's stock valued at $33,611,000 after buying an additional 60,900 shares during the last quarter. Finally, Selway Asset Management purchased a new stake in Prologis during the third quarter valued at approximately $177,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.