Prologis, Inc. (NYSE:PLD) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Prologis, Inc. has received a **consensus rating of "Moderate Buy"** from 21 analysts, with an average 12-month price target of **$122.58**.
• Recent insider activity includes CAO Lori A. Palazzolo selling **25,000 shares**, significantly reducing her ownership by **98.37%**.
• The company declared a **quarterly dividend of $1.01 per share**, resulting in an annualized dividend yield of **3.5%** with a payout ratio of **109.49%**.

Prologis, Inc. (NYSE:PLD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $122.5789.

PLD has been the topic of a number of analyst reports. Barclays lowered their target price on Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a report on Monday, September 15th. Citigroup lowered their target price on Prologis from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI increased their target price on Prologis from $111.00 to $113.00 and gave the company an "in-line" rating in a report on Monday, September 15th. Wells Fargo & Company set a $137.00 target price on Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Prologis in a report on Saturday, September 27th.

Insider Buying and Selling at Prologis

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the sale, the chief accounting officer owned 414 shares in the company, valued at $46,090.62. This trade represents a 98.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cristina Gabriela Bita sold 500 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $115.69, for a total value of $57,845.00. Following the sale, the director owned 9,329 shares in the company, valued at $1,079,272.01. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $2,952,095 in the last 90 days. Insiders own 0.57% of the company's stock.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently made changes to their positions in PLD. Activest Wealth Management boosted its holdings in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. Pandora Wealth Inc. acquired a new position in Prologis in the first quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new position in Prologis in the first quarter valued at $34,000. Saudi Central Bank acquired a new position in Prologis in the first quarter valued at $41,000. Finally, Olde Wealth Management LLC acquired a new position in Prologis in the first quarter valued at $43,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $117.09 on Friday. The business's fifty day moving average price is $111.03 and its two-hundred day moving average price is $107.63. The stock has a market cap of $108.69 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis has a one year low of $85.35 and a one year high of $127.65.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.05. The firm 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 quarter in the prior year, the firm earned $1.34 EPS. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. On average, analysts forecast that Prologis will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.