Prologis, Inc. (NYSE:PLD) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Prologis, Inc. has received a consensus rating of "Moderate Buy" from analysts, with the average 1-year price target set at $121.83.
• Insider selling includes CAO Lori A. Palazzolo reducing her stake by 98.37% after selling 25,000 shares, while institutional investors have increased their positions significantly in recent quarters.
• The company will pay a $1.01 quarterly dividend on September 30th, representing an annual yield of 3.6% against a payout ratio of 109.49%.

Prologis, Inc. (NYSE:PLD - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $121.8333.

PLD has been the topic of several recent analyst reports. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Scotiabank set a $114.00 price target on Prologis and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Wall Street Zen lowered Prologis from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an "overweight" rating in a research note on Sunday, July 13th. Finally, Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd.

Insiders Place Their Bets

In related news, CAO Lori A. Palazzolo sold 25,000 shares of Prologis stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total value of $2,783,250.00. Following the completion of the transaction, the chief accounting officer directly owned 414 shares of the company's stock, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the completion of the transaction, the director directly owned 9,829 shares of the company's stock, valued at $1,091,019. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. REAP Financial Group LLC raised its holdings in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of Prologis by 0.7% during the second quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust's stock valued at $1,438,000 after acquiring an additional 93 shares during the period. Michael S. Ryan Inc. lifted its stake in shares of Prologis by 2.9% during the second quarter. Michael S. Ryan Inc. now owns 3,311 shares of the real estate investment trust's stock valued at $348,000 after acquiring an additional 94 shares during the period. LaSalle St. Investment Advisors LLC lifted its stake in shares of Prologis by 3.7% during the first quarter. LaSalle St. Investment Advisors LLC now owns 2,688 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 96 shares during the period. Finally, Van Hulzen Asset Management LLC lifted its stake in shares of Prologis by 5.6% during the first quarter. Van Hulzen Asset Management LLC now owns 1,799 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 96 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

PLD opened at $113.67 on Tuesday. The stock has a market cap of $105.51 billion, a PE ratio of 30.80, a P/E/G ratio of 2.85 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.61. Prologis has a 1 year low of $85.35 and a 1 year high of $132.57. The stock's 50 day simple moving average is $108.73 and its 200-day simple moving average is $108.09.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $2.03 billion. Prologis had a return on equity of 5.96% and a net margin of 40.29%.Prologis's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Sell-side analysts forecast that Prologis will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.6%. Prologis's payout ratio is currently 109.49%.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.

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