Prologis (NYSE:PLD) Sets New 52-Week High – Still a Buy?

Prologis, Inc. (NYSE:PLD) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $137.49 and last traded at $137.27, with a volume of 2047216 shares changing hands. The stock had previously closed at $136.95.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLD. Citigroup reaffirmed a “buy” rating on shares of Prologis in a research report on Monday, January 26th. BNP Paribas Exane raised their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Evercore upped their price target on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $135.00 price target on Prologis in a research note on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.32.

Prologis Trading Down 2.4%

The company has a market cap of $126.76 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 3.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The company’s 50 day moving average price is $130.25 and its 200 day moving average price is $121.60.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $1.42 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is 113.80%.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

Institutional Trading of Prologis

Large investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Prologis by 16.7% in the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after purchasing an additional 83,966 shares during the last quarter. Foresight Group Ltd Liability Partnership boosted its holdings in shares of Prologis by 240.1% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after buying an additional 31,567 shares during the period. National Pension Service grew its stake in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares during the last quarter. Generali Asset Management SPA SGR raised its holdings in Prologis by 33.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after acquiring an additional 25,133 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Prologis by 3.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after acquiring an additional 126,613 shares during the period. 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.