Prologis (NYSE:PLD) Reaches New 1-Year High Following Analyst Upgrade

Prologis, Inc. (NYSE:PLD)’s stock price reached a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $146.00 to $157.00. Jefferies Financial Group currently has a buy rating on the stock. Prologis traded as high as $142.40 and last traded at $141.0540, with a volume of 125799 shares changing hands. The stock had previously closed at $141.51.

Several other brokerages have also weighed in on PLD. Morgan Stanley set a $135.00 price objective on Prologis in a report on Friday, January 16th. Argus increased their price objective on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Evercore raised their price objective on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $136.95.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

Hedge funds have recently modified their holdings of the business. Cambient Family Office LLC acquired a new stake in Prologis in the 4th quarter valued at $238,000. Wick Capital Partners LLC acquired a new position in Prologis during the fourth quarter valued at approximately $326,000. WealthPoint Financial LLC acquired a new position in shares of Prologis during the 4th quarter worth approximately $238,000. Compound Planning Inc. boosted its holdings in shares of Prologis by 42.2% in the 4th quarter. Compound Planning Inc. now owns 10,519 shares of the real estate investment trust’s stock valued at $1,343,000 after buying an additional 3,124 shares during the last quarter. Finally, Evansbrook LLC bought a new stake in Prologis during the fourth quarter worth $397,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.2%

The company has a market capitalization of $131.28 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. The firm’s 50 day moving average price is $131.59 and its two-hundred day moving average price is $123.20. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $1.42 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.0%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 113.80%.

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.