Prologis (NYSE:PLD) Sets New 12-Month High – Should You Buy?

Prologis, Inc. (NYSE:PLD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $148.00 and last traded at $147.0640, with a volume of 1124090 shares traded. The stock had previously closed at $142.78.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLD shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Bank of America increased their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Evercore set a $135.00 price objective on shares of Prologis in a research report on Friday, April 17th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.86.

Prologis Price Performance

The company has a market cap of $137.51 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. The business’s 50 day moving average price is $141.38 and its 200-day moving average price is $135.27. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Institutional Trading of Prologis

A number of hedge funds have recently made changes to their positions in PLD. Brighton Jones LLC increased its stake in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Prologis in the second quarter worth $422,000. NewEdge Advisors LLC increased its stake in shares of Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.