Weiss Ratings Reaffirms Hold (C) Rating for Prologis (NYSE:PLD)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Prologis (NYSE: PLD), indicating cautious sentiment among analysts.
• Prologis has seen recent changes in analyst ratings, with two analysts issuing a Strong Buy rating and an average price target of $122.58.
• The company's stock is currently priced at $116.07, with a market capitalization of $107.79 billion and a 12-month high of $127.65.

Prologis (NYSE:PLD - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

PLD has been the topic of a number of other research reports. Wall Street Zen lowered shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Evercore ISI raised their target price on shares of Prologis from $111.00 to $113.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. UBS Group raised their target price on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Scotiabank set a $114.00 target price on shares of Prologis and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Barclays decreased their target price on shares of Prologis from $119.00 to $118.00 and set an "overweight" rating on the stock in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $122.58.

Prologis Stock Up 0.1%

PLD stock opened at $116.07 on Wednesday. The company's 50 day simple moving average is $111.51 and its 200-day simple moving average is $107.74. The firm has a market capitalization of $107.79 billion, a PE ratio of 31.46, a P/E/G ratio of 2.93 and a beta of 1.28. Prologis has a 12 month low of $85.35 and a 12 month high of $127.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.65 and a quick ratio of 0.65.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.05. Prologis had a net margin of 40.29% and a return on equity of 5.96%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $1.34 earnings per share. Prologis's revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Equities analysts expect that Prologis will post 5.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Lori A. Palazzolo sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total value of $2,783,250.00. Following the transaction, the chief accounting officer owned 414 shares of the company's stock, valued at approximately $46,090.62. This trade represents a 98.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cristina Gabriela Bita sold 1,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total transaction of $111,000.00. Following the completion of the transaction, the director directly owned 9,829 shares in the company, valued at approximately $1,091,019. This represents a 9.23% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,500 shares of company stock worth $2,952,095. Insiders own 0.57% of the company's stock.

Hedge Funds Weigh In On Prologis

A number of hedge funds have recently made changes to their positions in PLD. Activest Wealth Management raised its stake in shares of Prologis by 637.1% in the 1st 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 period. Pandora Wealth Inc. purchased a new stake in Prologis during the 1st quarter worth $34,000. GKV Capital Management Co. Inc. purchased a new stake in Prologis during the 1st quarter worth $34,000. Saudi Central Bank purchased a new stake in Prologis during the 1st quarter worth $41,000. Finally, Olde Wealth Management LLC purchased a new stake in Prologis during the 1st quarter worth $43,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

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.