Prologis (NYSE:PLD) Sets New 12-Month High – What’s Next?

Prologis, Inc. (NYSE:PLD) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $137.49 and last traded at $137.27, with a volume of 2047216 shares trading hands. The stock had previously closed at $136.95.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLD shares. Citigroup reiterated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. iA Financial set a $119.00 price target on Prologis in a research report on Monday, October 20th. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Finally, Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.32.

Prologis Stock Up 0.2%

The stock has a market capitalization of $127.51 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.42. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average is $129.64 and its two-hundred day moving average is $121.15.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Insider Buying and Selling

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLD. High Note Wealth LLC increased its position in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA boosted its stake in Prologis by 3.4% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 79 shares during the period. Peddock Capital Advisors LLC increased its position in shares of Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 80 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Prologis by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after acquiring an additional 82 shares during the period. Finally, Foster Dykema Cabot & Partners LLC raised its stake in shares of Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

About Prologis

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.