Prologis, Inc. (NYSE:PLD) Receives $121.89 Average Target Price from Analysts

Prologis, Inc. (NYSE:PLD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $121.68.

Several equities analysts have issued reports on the stock. Evercore ISI cut their price target on shares of Prologis from $111.00 to $106.00 and set an "in-line" rating on the stock in a report on Thursday, April 17th. Wolfe Research downgraded Prologis from an "outperform" rating to a "peer perform" rating in a research note on Monday, April 21st. CJS Securities decreased their price target on Prologis from $140.00 to $117.00 in a research note on Friday, April 11th. BTIG Research cut their price objective on shares of Prologis from $154.00 to $134.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Mizuho lowered their target price on shares of Prologis from $117.00 to $105.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Prologis in the 4th quarter valued at $951,263,000. Northern Trust Corp lifted its holdings in Prologis by 54.6% during the fourth quarter. Northern Trust Corp now owns 13,855,339 shares of the real estate investment trust's stock valued at $1,464,509,000 after purchasing an additional 4,893,284 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Prologis by 282.5% during the first quarter. Valeo Financial Advisors LLC now owns 3,875,386 shares of the real estate investment trust's stock valued at $433,229,000 after purchasing an additional 2,862,183 shares in the last quarter. Capital Research Global Investors grew its position in shares of Prologis by 25.4% in the fourth quarter. Capital Research Global Investors now owns 12,345,523 shares of the real estate investment trust's stock valued at $1,304,922,000 after purchasing an additional 2,500,761 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Prologis during the fourth quarter worth about $254,876,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 1.4 %

Shares of PLD traded up $1.48 during trading hours on Wednesday, hitting $106.97. The company had a trading volume of 5,505,774 shares, compared to its average volume of 4,156,701. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $99.26 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis has a one year low of $85.35 and a one year high of $132.57. The company's fifty day moving average price is $105.95 and its two-hundred day moving average price is $111.43.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. Prologis had a net margin of 45.50% and a return on equity of 6.44%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities analysts forecast that Prologis will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

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 given a dividend of $1.01 per share. The ex-dividend date is Tuesday, June 17th. This represents a $4.04 annualized dividend and a yield of 3.78%. Prologis's dividend payout ratio is presently 101.00%.

About Prologis

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.