Prologis (NYSE:PLD) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Prologis (NYSE:PLD) from a sell rating to a hold rating in a research note released on Saturday.

PLD has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Robert W. Baird increased their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the company from $137.00 to $162.00 in a research report on Thursday. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

Prologis Stock Up 1.2%

Shares of NYSE PLD opened at $143.97 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $134.23 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.17 and a beta of 1.33. The stock has a 50 day moving average price of $136.83 and a 200 day moving average price of $132.04. Prologis has a 52-week low of $103.02 and a 52-week high of $145.44.

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, beating 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%.Prologis’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The business also recently announced 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. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Institutional Trading of Prologis

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in Prologis by 0.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 751,870 shares of the real estate investment trust’s stock valued at $99,382,000 after acquiring an additional 5,459 shares in the last quarter. Oslo Pensjonsforsikring AS purchased a new stake in shares of Prologis during the 1st quarter valued at $191,000. Burling Wealth Partners LLC lifted its holdings in shares of Prologis by 9.9% during the 1st quarter. Burling Wealth Partners LLC now owns 43,384 shares of the real estate investment trust’s stock valued at $5,734,000 after purchasing an additional 3,919 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Prologis by 196.2% during the 1st quarter. Andra AP fonden now owns 157,028 shares of the real estate investment trust’s stock valued at $20,756,000 after purchasing an additional 104,009 shares during the last quarter. Finally, Wilkerson Advisory Group LLC lifted its holdings in shares of Prologis by 93.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 342 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 165 shares during the last quarter. 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.