Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on Prologis from $174.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, June 30th. Evercore ISI set a $134.00 price objective on Prologis in a research report on Tuesday, July 19th. Robert W. Baird raised their price target on Prologis from $152.00 to $175.00 in a research report on Wednesday, April 20th. Truist Financial reduced their price target on Prologis from $166.00 to $162.00 and set a "na" rating on the stock in a research report on Monday, May 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Prologis from $179.00 to $184.00 and gave the stock a "buy" rating in a research report on Friday, April 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $171.17.
Prologis Stock Performance
PLD traded up $3.01 during midday trading on Friday, hitting $137.24. 2,609,417 shares of the company were exchanged, compared to its average volume of 2,800,938. The company's 50 day simple moving average is $123.08 and its 200 day simple moving average is $140.10. The firm has a market capitalization of $101.61 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. The company has a current ratio of 0.42, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. Prologis has a 1-year low of $106.46 and a 1-year high of $174.54.
Prologis (NYSE:PLD - Get Rating) last posted its quarterly earnings data on Monday, July 18th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.30). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.09 billion. Prologis had a return on equity of 9.85% and a net margin of 75.72%. The company's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. As a group, sell-side analysts predict that Prologis will post 5.17 earnings per share for the current year.
Insider Buying and Selling at Prologis
In other Prologis news, Director Avid Modjtabai purchased 15,000 shares of the company's stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $118.65 per share, for a total transaction of $1,779,750.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $1,779,750. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.