Prologis (NYSE:PLD) Lowered to “Sell” at StockNews.com

Prologis (NYSE:PLD) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also commented on PLD. Robert W. Baird increased their price objective on Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Evercore ISI decreased their price objective on Prologis from $136.00 to $123.00 and set an “in-line” rating on the stock in a research note on Thursday, April 18th. TheStreet raised Prologis from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Morgan Stanley increased their price objective on Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, BMO Capital Markets lowered Prologis from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $145.00 to $112.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.24.

Prologis Stock Up 0.2 %

PLD opened at $103.35 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.08 and a debt-to-equity ratio of 0.51. The firm has a market cap of $95.60 billion, a P/E ratio of 30.22, a PEG ratio of 2.17 and a beta of 1.00. Prologis has a 52 week low of $96.64 and a 52 week high of $137.52. The business’s fifty day simple moving average is $125.65 and its 200 day simple moving average is $121.90.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently modified their holdings of the stock. Family Legacy Inc. raised its holdings in shares of Prologis by 0.5% during the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock valued at $2,217,000 after buying an additional 87 shares during the period. Lockerman Financial Group Inc. raised its holdings in shares of Prologis by 2.0% during the 4th quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 87 shares during the period. Hixon Zuercher LLC raised its holdings in shares of Prologis by 0.6% during the 4th quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after buying an additional 88 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Prologis by 11.0% during the 4th quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 90 shares during the period. Finally, CVA Family Office LLC raised its holdings in shares of Prologis by 21.4% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 94 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, 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.