Prologis’ (PLD) “Market Perform” Rating Reiterated at Raymond James

Prologis (NYSE:PLD)‘s stock had its “market perform” rating reiterated by Raymond James in a research report issued on Monday,Benzinga reports.

A number of other brokerages have also commented on PLD. The Goldman Sachs Group reiterated a “neutral” rating and set a $132.00 price target (down from $142.00) on shares of Prologis in a report on Monday, October 21st. Robert W. Baird boosted their price objective on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday, January 27th. BMO Capital Markets cut Prologis from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $120.00 to $104.00 in a research report on Friday, December 6th. Finally, Scotiabank lowered their price objective on Prologis from $134.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Down 1.3 %

PLD opened at $119.14 on Monday. The business has a 50 day moving average price of $111.03 and a 200 day moving average price of $118.37. Prologis has a twelve month low of $100.82 and a twelve month high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The firm has a market cap of $110.34 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10.

Hedge Funds Weigh In On Prologis

Several large investors have recently made changes to their positions in PLD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Prologis by 534.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,143,554 shares of the real estate investment trust’s stock valued at $1,280,928,000 after acquiring an additional 8,545,336 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Prologis by 145.0% during the third quarter. Janus Henderson Group PLC now owns 3,613,494 shares of the real estate investment trust’s stock valued at $456,320,000 after acquiring an additional 2,138,693 shares during the period. AMF Tjanstepension AB lifted its stake in shares of Prologis by 267.9% during the third quarter. AMF Tjanstepension AB now owns 1,875,612 shares of the real estate investment trust’s stock valued at $236,879,000 after acquiring an additional 1,365,811 shares during the period. Cardano Risk Management B.V. acquired a new position in shares of Prologis during the third quarter valued at $109,579,000. Finally, Jennison Associates LLC lifted its stake in shares of Prologis by 395.3% during the fourth quarter. Jennison Associates LLC now owns 1,039,333 shares of the real estate investment trust’s stock valued at $109,858,000 after acquiring an additional 829,504 shares during the period. Institutional investors and hedge funds 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.