Brokerages Set Prologis, Inc. (NYSE:PLD) PT at $154.52

Shares of Prologis, Inc. (NYSE:PLD) have received an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $154.5238.

Several research firms have issued reports on PLD. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Barclays upped their target price on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Truist Financial raised their target price on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st.

Prologis Stock Performance

PLD opened at $134.00 on Friday. Prologis has a 52-week low of $111.03 and a 52-week high of $153.35. The firm has a market capitalization of $125.03 billion, a PE ratio of 29.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $140.80 and its 200 day simple moving average is $140.12.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts expect that Prologis will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is presently 95.32%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PLD. Baird Financial Group Inc. lifted its holdings in Prologis by 20.6% during the 2nd quarter. Baird Financial Group Inc. now owns 122,809 shares of the real estate investment trust’s stock worth $16,637,000 after purchasing an additional 21,000 shares during the last quarter. Callan Family Office LLC acquired a new position in Prologis in the 2nd quarter valued at $3,394,000. BlackRock Inc. bought a new position in Prologis during the 2nd quarter worth $14,006,587,000. AssuredPartners Investment Advisors LLC bought a new position in Prologis during the 2nd quarter worth $3,436,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Prologis by 4.5% during the first quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock worth $102,151,000 after buying an additional 33,172 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

About Prologis

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.