Prologis, Inc. (NYSE:PLD) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Prologis, Inc. (NYSE:PLD) have received a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $154.05.

PLD has been the subject of several recent research reports. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Tuesday, October 13th. Mizuho raised their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. KeyCorp reaffirmed a “sector weight” rating on shares of Prologis in a research note on Monday, October 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Prologis in a research report on Friday, October 16th.

Prologis Stock Performance

Shares of Prologis stock opened at $128.53 on Friday. The firm’s fifty day simple moving average is $130.85 and its 200-day simple moving average is $137.75. The stock has a market capitalization of $122.17 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.48 and a beta of 1.27. Prologis has a 12 month low of $121.40 and a 12 month high of $153.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.81.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, September 16th. Prologis’s dividend payout ratio is 94.48%.

Hedge Funds Weigh In On Prologis

Institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. lifted its holdings in Prologis by 20.6% in the second quarter. Baird Financial Group Inc. now owns 122,809 shares of the real estate investment trust’s stock valued at $16,637,000 after acquiring an additional 21,000 shares during the period. International Assets Investment Management LLC grew its stake in shares of Prologis by 2,862.3% during the 3rd quarter. International Assets Investment Management LLC now owns 67,452 shares of the real estate investment trust’s stock worth $8,758,000 after purchasing an additional 65,175 shares during the period. Nykredit A S acquired a new position in shares of Prologis during the 2nd quarter worth $40,490,000. Callan Family Office LLC acquired a new position in shares of Prologis during the 2nd quarter worth $3,394,000. Finally, BlackRock Inc. purchased a new position in shares of Prologis in the 2nd quarter valued at about $14,006,587,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Company Profile

Prologis is a global logistics real estate company that owns, develops and operates warehouses, distribution centers and other facilities used to store and move goods. Its properties support customers in industries including retail, manufacturing, transportation and e-commerce. The company also provides property management and development services and invests in logistics real estate through investment management platforms. Its facilities are located in major markets across North America, Europe, Asia and Latin America.