Prologis, Inc. (NYSE:PLD) Receives $125.39 Average Target Price from Brokerages

Shares of Prologis, Inc. (NYSE:PLD) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $125.3889.

Several analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Prologis in a research note on Wednesday, November 19th. Bank of America raised Prologis from a “neutral” rating to a “buy” rating and upped their price target for the stock from $118.00 to $130.00 in a research note on Tuesday, September 16th. Evercore ISI raised their price objective on Prologis from $113.00 to $116.00 and gave the company an “in-line” rating in a research note on Thursday, October 16th. Mizuho set a $118.00 price objective on Prologis and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Truist Financial reaffirmed a “buy” rating and set a $131.00 target price (up from $120.00) on shares of Prologis in a research report on Monday, October 20th.

Prologis Stock Performance

Shares of PLD stock opened at $127.34 on Friday. The firm has a 50 day moving average of $120.70 and a 200-day moving average of $112.80. The company has a market cap of $118.29 billion, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 3.13 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. Prologis has a 52 week low of $85.35 and a 52 week high of $128.44.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.05. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. Prologis had a net margin of 36.71% and a return on equity of 5.55%. Prologis’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, equities analysts forecast that Prologis will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio is presently 117.78%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 1,000 shares of Prologis stock in a transaction dated 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 $1,091,019. This trade represents a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,000 shares of company stock valued at $230,415 over the last 90 days. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Prologis

Several large investors have recently added to or reduced their stakes in the business. Connors Investor Services Inc. increased its holdings in Prologis by 0.3% during the 3rd quarter. Connors Investor Services Inc. now owns 68,205 shares of the real estate investment trust’s stock worth $7,811,000 after purchasing an additional 235 shares in the last quarter. Graybill Wealth Management LTD. lifted its holdings in shares of Prologis by 3.4% in the third quarter. Graybill Wealth Management LTD. now owns 35,987 shares of the real estate investment trust’s stock valued at $4,121,000 after purchasing an additional 1,184 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Prologis during the third quarter valued at approximately $42,158,000. Alpine Global Management LLC bought a new stake in Prologis during the third quarter worth $248,000. Finally, Captrust Financial Advisors grew its holdings in Prologis by 12.4% during the third quarter. Captrust Financial Advisors now owns 48,761 shares of the real estate investment trust’s stock worth $5,584,000 after buying an additional 5,386 shares in the last quarter. 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.