Prologis (NYSE:PLD) Sets New 12-Month High on Analyst Upgrade

Prologis, Inc. (NYSE:PLD)’s share price reached a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $146.00 to $157.00. Jefferies Financial Group currently has a buy rating on the stock. Prologis traded as high as $142.40 and last traded at $141.0540, with a volume of 125799 shares trading hands. The stock had previously closed at $141.51.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley set a $135.00 target price on Prologis in a report on Friday, January 16th. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 price objective (up previously from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Wall Street Zen lowered shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Citigroup reiterated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. Finally, BNP Paribas Exane increased their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.95.

Insider Buying and Selling at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the sale, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

Several institutional investors and hedge funds have recently made changes to their positions in PLD. Vanguard Group Inc. boosted its position in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. State Street Corp raised its holdings in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after purchasing an additional 1,088,544 shares during the period. Geode Capital Management LLC grew its holdings in Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the period. Massachusetts Financial Services Co. MA increased its position in Prologis by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after buying an additional 253,338 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

The company has a market cap of $131.28 billion, a P/E ratio of 39.79, a P/E/G ratio of 3.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a 50 day moving average price of $131.59 and a two-hundred day moving average price of $123.20.

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

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.07 dividend. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is 113.80%.

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.