Prologis, Inc. (NYSE:PLD) Receives $151.86 Consensus PT from Brokerages

Prologis, Inc. (NYSE:PLD) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $151.8571.

A number of brokerages recently issued reports on PLD. Argus upped their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. UBS Group upped their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th.

Hedge Funds Weigh In On Prologis

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC raised its position in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors raised its position in Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank purchased a new position in Prologis in the 4th quarter worth about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. raised its position in Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after buying an additional 516,765 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $148.45 on Thursday. Prologis has a 12 month low of $103.41 and a 12 month high of $150.18. The stock has a market cap of $138.41 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 3.27 and a beta of 1.32. 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 company’s fifty day moving average price is $142.28 and its 200-day moving average price is $135.72.

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

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis’s payout ratio is presently 107.81%.

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.