Research Analysts’ Weekly Ratings Changes for Prologis (PLD)

Several brokerages have updated their recommendations and price targets on shares of Prologis (NYSE: PLD) in the last few weeks:

• 12/11/2024 – Prologis had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $125.00 price target on the stock, down previously from $130.00.
• 12/6/2024 – Prologis was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating. They now have a $104.00 price target on the stock, down previously from $120.00.
• 12/5/2024 – Prologis had its price target lowered by analysts at Truist Financial Co. from $137.00 to $132.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Prologis had its price target lowered by analysts at Scotiabank from $136.00 to $134.00. They now have a “sector outperform” rating on the stock.
• 11/18/2024 – Prologis had its price target raised by analysts at Barclays PLC from $131.00 to $132.00. They now have an “overweight” rating on the stock.

Prologis Stock Performance

PLD opened at $104.70 on Wednesday. The firm has a market capitalization of $96.97 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 3.27 and a beta of 1.07. Prologis, Inc. has a 12-month low of $100.82 and a 12-month high of $135.76. The stock’s 50 day moving average price is $114.71 and its two-hundred day moving average price is $119.04. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.56.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $1.08 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.29). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Prologis had a return on equity of 5.34% and a net margin of 39.08%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. On average, equities analysts forecast that Prologis, Inc. will post 5.45 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.84 annualized dividend and a dividend yield of 3.67%. Prologis’s dividend payout ratio (DPR) is currently 116.01%.

Institutional Trading of Prologis

A number of hedge funds and other institutional investors have recently modified their holdings of PLD. American Capital Advisory LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. bought a new position in Prologis in the second quarter valued at about $27,000. Sunbelt Securities Inc. increased its position in Prologis by 640.0% in the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in Prologis during the 2nd quarter worth about $31,000. Finally, Dunhill Financial LLC lifted its position in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.