Prologis, Inc. (NYSE:PLD) Stock Rated “Moderate Buy” by Wall Street Analysts

Prologis, Inc. (NYSE:PLD) has been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $154.52.

PLD has been the topic of several research analyst reports. Mizuho upped their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Truist Financial lifted their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. BMO Capital Markets reduced their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Wells Fargo & Company decreased their target price on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. Finally, Robert W. Baird set a $140.00 price target on Prologis in a report on Friday, July 31st.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Prologis in the 2nd quarter worth $14,006,587,000. Norges Bank purchased a new position in Prologis in the fourth quarter worth $1,589,125,000. Legal & General Group Plc purchased a new position in Prologis in the second quarter worth $1,473,965,000. Bank of America Corp DE bought a new position in Prologis in the second quarter valued at $1,427,256,000. Finally, Cardano Risk Management B.V. increased its stake in Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after acquiring an additional 10,207,267 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Trading Down 0.6%

Shares of PLD opened at $133.04 on Friday. The business’s 50-day moving average price is $140.14 and its 200-day moving average price is $140.06. Prologis has a twelve month low of $111.03 and a twelve month high of $153.35. The stock has a market cap of $124.14 billion, a PE ratio of 29.63 and a beta of 1.30. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts forecast that Prologis will post 6.27 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Prologis’s dividend payout ratio is 95.32%.

About Prologis

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.