Prologis (NYSE:PLD) Reaches New 52-Week High – Here’s What Happened

Prologis, Inc. (NYSE:PLD) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $148.00 and last traded at $147.0640, with a volume of 1124090 shares changing hands. The stock had previously closed at $142.78.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLD. Mizuho raised their price objective on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. BNP Paribas Exane raised their price objective on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Evercore set a $135.00 price objective on Prologis in a report on Friday, April 17th. BTIG Research reissued a “buy” rating and set a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

The stock has a market capitalization of $137.15 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 3.18 and a beta of 1.32. The company has a fifty day simple moving average of $140.66 and a 200 day simple moving average of $134.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

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

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PLD. Brighton Jones LLC increased its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in Prologis in the 2nd quarter valued at about $422,000. NewEdge Advisors LLC increased its position in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after buying an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after buying an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.