Analysts Set Prologis, Inc. (NYSE:PLD) Price Target at $151.86

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

A number of analysts have issued reports on the company. Citigroup raised their target price on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. UBS Group upped their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Scotiabank cut shares of Prologis from an “outperform” rating to a “sector perform” rating in a research note on Thursday. Finally, BNP Paribas Exane upped their price target on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Prologis

Large investors have recently made changes to their positions in the company. Ares Financial Consulting LLC bought a new position in Prologis during the fourth quarter worth about $26,000. High Point Wealth Management LLC acquired a new stake in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter worth $27,000. SouthState Bank Corp raised its stake in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis during the fourth quarter valued at approximately $29,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 3.6%

PLD stock opened at $140.83 on Thursday. Prologis has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $131.30 billion, a PE ratio of 35.47, a P/E/G ratio of 3.21 and a beta of 1.32. The firm’s 50-day moving average is $142.69 and its 200 day moving average is $135.94.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. Prologis’s dividend 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.