Prologis, Inc. (NYSE:PLD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Prologis, Inc. (NYSE:PLD) have received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $128.67.

Several equities analysts have weighed in on PLD shares. Barclays lifted their price objective on Prologis from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, November 18th. BMO Capital Markets downgraded Prologis from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $120.00 to $104.00 in a research note on Friday, December 6th. BTIG Research reduced their price objective on shares of Prologis from $154.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Scotiabank cut their price target on shares of Prologis from $136.00 to $134.00 and set a “sector outperform” rating for the company in a report on Wednesday, December 4th.

Prologis Stock Up 0.3 %

Shares of PLD opened at $118.90 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $110.12 billion, a PE ratio of 29.73, a P/E/G ratio of 3.19 and a beta of 1.09. The firm’s 50 day moving average is $110.49 and its 200-day moving average is $118.39. Prologis has a 12 month low of $100.82 and a 12 month high of $135.76.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is currently 96.00%.

Institutional Trading of Prologis

Institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. grew its position in shares of Prologis by 640.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 224 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Prologis by 239.5% in the third quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 182 shares during the last quarter. Hara Capital LLC acquired a new stake in Prologis during the 3rd quarter valued at approximately $48,000. Coastline Trust Co acquired a new stake in Prologis during the 3rd quarter valued at approximately $52,000. Finally, Fortitude Family Office LLC raised its holdings in Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 240 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

About Prologis

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.