Brokerages Set Prologis, Inc. (NYSE:PLD) PT at $137.20

Prologis, Inc. (NYSE:PLD) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and fourteen 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 $137.20.

A number of equities analysts have weighed in on the stock. Argus increased their price target on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group boosted their price objective on shares of Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Truist Financial cut their target price on Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, BTIG Research lifted their target price on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st.

Prologis Trading Down 0.2%

NYSE PLD opened at $128.64 on Friday. The company has a market cap of $119.92 billion, a P/E ratio of 36.24, a P/E/G ratio of 3.04 and a beta of 1.41. Prologis has a 12 month low of $85.35 and a 12 month high of $143.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50-day moving average of $134.57 and a 200-day moving average of $127.73.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm posted $1.42 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Prologis will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $1.07 dividend. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.3%. Prologis’s dividend payout ratio (DPR) is 120.56%.

Institutional Trading of Prologis

Institutional investors have recently modified their holdings of the company. Purpose Unlimited Inc. acquired a new position in Prologis during the fourth quarter valued at approximately $1,120,000. Rockefeller Capital Management L.P. grew its stake in Prologis by 9.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 887,723 shares of the real estate investment trust’s stock worth $113,327,000 after buying an additional 79,920 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in shares of Prologis in the fourth quarter worth $69,000. Advisortrust Partners LLC acquired a new stake in shares of Prologis in the fourth quarter worth $3,516,000. Finally, Corient Private Wealth LLC raised its stake in shares of Prologis by 0.9% in the 4th quarter. Corient Private Wealth LLC now owns 195,784 shares of the real estate investment trust’s stock valued at $25,134,000 after acquiring an additional 1,821 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

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.