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

Shares of Prologis, Inc. (NYSE:PLD - Get Free Report) have received an average rating of "Moderate Buy" from the twenty brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $120.42.

A number of equities analysts have issued reports on PLD shares. Robert W. Baird cut their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho cut their target price on Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Scotiabank boosted their price objective on Prologis from $97.00 to $100.00 and gave the company a "sector underperform" rating in a research report on Monday, May 12th. Barclays decreased their price objective on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their target price on Prologis from $146.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th.

Institutional Investors Weigh In On Prologis

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swedbank AB lifted its stake in shares of Prologis by 4.2% during the 1st quarter. Swedbank AB now owns 4,797,797 shares of the real estate investment trust's stock worth $536,346,000 after purchasing an additional 195,018 shares during the period. Militia Capital Partners LP grew its stake in Prologis by 358.5% in the first quarter. Militia Capital Partners LP now owns 2,430 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 1,900 shares in the last quarter. Inspire Investing LLC grew its stake in Prologis by 9.0% in the first quarter. Inspire Investing LLC now owns 90,605 shares of the real estate investment trust's stock worth $10,129,000 after purchasing an additional 7,518 shares in the last quarter. Strs Ohio bought a new position in Prologis in the first quarter worth about $98,308,000. Finally, Foresight Group Ltd Liability Partnership lifted its holdings in Prologis by 552.3% in the first quarter. Foresight Group Ltd Liability Partnership now owns 38,849 shares of the real estate investment trust's stock worth $4,290,000 after acquiring an additional 32,893 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD stock opened at $104.91 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a 50-day moving average of $106.08 and a 200-day moving average of $109.63. Prologis has a one year low of $85.35 and a one year high of $132.57. The stock has a market cap of $97.35 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.74 and a beta of 1.25.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Prologis had a net margin of 44.59% and a return on equity of 6.45%. As a group, sell-side analysts expect that Prologis will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, June 17th. Prologis's dividend payout ratio is currently 101.00%.

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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