Brokerages Set Prologis, Inc. (NYSE:PLD) Target Price at $136.95

Shares of Prologis, Inc. (NYSE:PLD) have been given a consensus recommendation of “Moderate Buy” by the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $137.20.

Several equities analysts have recently commented on PLD shares. Citigroup started coverage on Prologis in a research report on Thursday. They set a “buy” rating and a $145.00 price objective on the stock. Jefferies Financial Group boosted their target price on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada increased their price target on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Mizuho lifted their price target on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th.

Prologis Stock Performance

Prologis stock opened at $137.73 on Tuesday. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $128.03 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 3.45 and a beta of 1.41. The firm’s fifty day moving average price is $133.84 and its 200-day moving average price is $125.15.

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

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. D.A. Davidson & CO. lifted its position in shares of Prologis by 16.7% in the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after purchasing an additional 83,966 shares during the period. Foresight Group Ltd Liability Partnership increased its position in shares of Prologis by 240.1% during the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after buying an additional 31,567 shares during the period. National Pension Service increased its position in shares of Prologis by 2.4% during the third 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 period. Envestnet Asset Management Inc. raised its stake in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its holdings in Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock worth $11,488,000 after buying an additional 25,133 shares during the period. Hedge funds and other 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.