Prologis, Inc. (NYSE:PLD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Prologis, Inc. (NYSE:PLD) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $129.76.

PLD has been the topic of several research reports. Barclays cut their price objective on Prologis from $135.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. The Goldman Sachs Group dropped their target price on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Robert W. Baird dropped their target price on Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, June 8th. Finally, Scotiabank dropped their target price on Prologis from $149.00 to $130.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 16th.

Prologis Trading Down 0.1 %

NYSE:PLD opened at $112.29 on Friday. The business’s 50-day moving average is $109.18 and its two-hundred day moving average is $122.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.29 and a quick ratio of 0.29. Prologis has a 12 month low of $96.64 and a 12 month high of $137.52. The firm has a market capitalization of $103.96 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07.

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.96 dividend. The ex-dividend date is Monday, June 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.42%. Prologis’s payout ratio is currently 112.28%.

Hedge Funds Weigh In On Prologis

Hedge funds and other institutional investors have recently made changes to their positions in the business. Columbia Trust Co 01012016 boosted its position in shares of Prologis by 16.0% during the fourth quarter. Columbia Trust Co 01012016 now owns 5,240 shares of the real estate investment trust’s stock worth $698,000 after buying an additional 723 shares during the period. Janney Capital Management LLC boosted its position in shares of Prologis by 18.8% during the fourth quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust’s stock worth $3,182,000 after buying an additional 3,773 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of Prologis by 39.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 42,005 shares of the real estate investment trust’s stock worth $5,599,000 after buying an additional 11,882 shares during the period. Atalanta Sosnoff Capital LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $18,551,000. Finally, DNB Asset Management AS boosted its position in shares of Prologis by 17.1% during the fourth quarter. DNB Asset Management AS now owns 287,505 shares of the real estate investment trust’s stock worth $38,324,000 after buying an additional 42,073 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.