Prologis (NYSE:PLD) Reaches New 52-Week High – Here’s What Happened

Prologis, Inc. (NYSE:PLD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $148.00 and last traded at $147.0640, with a volume of 1124090 shares trading hands. The stock had previously closed at $142.78.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PLD. UBS Group boosted their target price on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Mizuho boosted their target price on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Evercore set a $135.00 target price on Prologis in a research report on Friday, April 17th. Jefferies Financial Group decreased their price objective on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Price Performance

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $140.66 and a 200 day simple moving average of $134.93. The stock has a market capitalization of $137.15 billion, a P/E ratio of 37.08, a price-to-earnings-growth ratio of 3.18 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Hedge Funds Weigh In On Prologis

Hedge funds and other institutional investors have recently modified their holdings of the business. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the 4th quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in Prologis in the fourth quarter valued at approximately $29,000. 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.