Prologis (NYSE:PLD) Stock Gets Price Target Reduction from Robert W. Baird

Prologis (NYSE:PLD) had its price target reduced by Robert W. Baird from $140.00 to $136.00 in a research report released on Tuesday, MarketBeat.com reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. UBS Group set a $150.00 price objective on shares of Prologis in a research note on Friday, October 16th. BTIG Research restated a “buy” rating and set a $170.00 target price on shares of Prologis in a research report on Friday, October 16th. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Barclays increased their price target on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company reduced their price target on Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.64.

Prologis Trading Down 0.7%

Shares of PLD opened at $126.67 on Tuesday. Prologis has a twelve month low of $121.40 and a twelve month high of $153.35. The company has a market cap of $118.19 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.45 and a beta of 1.31. The company has a current ratio of 0.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $134.56 and its 200-day simple moving average is $139.72.

Prologis (NYSE:PLD) last released its earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.82. Prologis had a net margin of 45.51% and a return on equity of 7.28%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business earned $1.49 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. As a group, analysts expect that Prologis will post 6.28 EPS for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s payout ratio is 94.48%.

Hedge Funds Weigh In On Prologis

Hedge funds have recently added to or reduced their stakes in the stock. Family Wealth Partners LLC raised its stake in shares of Prologis by 11.8% during the third quarter. Family Wealth Partners LLC now owns 5,054 shares of the real estate investment trust’s stock valued at $656,000 after acquiring an additional 534 shares in the last quarter. James Hambro & Partners LLP boosted its holdings in shares of Prologis by 19.4% in the third quarter. James Hambro & Partners LLP now owns 22,697 shares of the real estate investment trust’s stock valued at $2,948,000 after purchasing an additional 3,694 shares during the period. Banque Pictet & Cie SA boosted its holdings in shares of Prologis by 1,132.3% in the third quarter. Banque Pictet & Cie SA now owns 29,699 shares of the real estate investment trust’s stock valued at $3,856,000 after purchasing an additional 27,289 shares during the period. James T. Borello RIA bought a new position in Prologis in the third quarter worth approximately $40,000. Finally, V Square Quantitative Management LLC grew its stake in Prologis by 7.8% in the third quarter. V Square Quantitative Management LLC now owns 23,009 shares of the real estate investment trust’s stock worth $2,987,000 after purchasing an additional 1,661 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Company Profile

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.