Prologis (NYSE:PLD) PT Lowered to $135.00

Prologis (NYSE:PLD) had its price target lowered by Barclays from $141.00 to $135.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 28.98% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Mizuho restated a “neutral” rating and issued a $130.00 target price on shares of Prologis in a report on Tuesday, April 2nd. Raymond James upped their target price on shares of Prologis from $130.00 to $145.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Morgan Stanley upped their target price on shares of Prologis from $128.00 to $141.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, Robert W. Baird upped their target price on shares of Prologis from $133.00 to $137.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $140.00.

Prologis Trading Down 1.7 %

NYSE PLD opened at $104.67 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.50. Prologis has a 52 week low of $96.64 and a 52 week high of $137.52. The stock has a market capitalization of $96.82 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00. The firm has a 50 day moving average of $128.45 and a two-hundred day moving average of $122.07.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 17th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.58). Prologis had a return on equity of 5.29% and a net margin of 38.13%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm earned $1.24 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Prologis will post 5.5 EPS for the current fiscal year.

Institutional Trading of Prologis

A number of large investors have recently bought and sold shares of PLD. Optimum Investment Advisors purchased a new position in Prologis during the 1st quarter worth $26,000. True Wealth Design LLC purchased a new position in Prologis during the 4th quarter worth $27,000. Thompson Investment Management Inc. purchased a new position in Prologis during the 4th quarter worth $28,000. FinTrust Capital Advisors LLC raised its position in Prologis by 966.7% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 256 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 232 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in Prologis by 254.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.