Prologis (PLD) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Prologis (NYSE: PLD):

• 5/1/2024 – Prologis had its price target lowered by analysts at Robert W. Baird from $137.00 to $117.00. They now have a “neutral” rating on the stock.
• 4/29/2024 – Prologis had its price target lowered by analysts at Barclays PLC from $135.00 to $123.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Prologis had its price target lowered by analysts at JPMorgan Chase & Co. from $143.00 to $128.00. They now have an “overweight” rating on the stock.
• 4/24/2024 – Prologis was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/22/2024 – Prologis was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $112.00 price target on the stock, down previously from $145.00.
• 4/22/2024 – Prologis had its price target lowered by analysts at Argus from $139.00 to $120.00. They now have a “buy” rating on the stock.
• 4/22/2024 – Prologis had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $163.00 to $140.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Prologis had its price target lowered by analysts at Evercore ISI from $136.00 to $123.00. They now have an “in-line” rating on the stock.
• 4/18/2024 – Prologis had its price target lowered by analysts at UBS Group AG from $151.00 to $138.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Prologis had its price target lowered by analysts at Barclays PLC from $141.00 to $135.00. They now have an “overweight” rating on the stock.
• 4/2/2024 – Prologis had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $130.00 price target on the stock.
• 3/27/2024 – Prologis had its price target lowered by analysts at Barclays PLC from $153.00 to $141.00. They now have an “overweight” rating on the stock.
• 3/18/2024 – Prologis had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $136.00 price target on the stock.

Prologis Stock Down 0.2 %

Shares of NYSE PLD opened at $101.84 on Thursday. The company has a market cap of $94.29 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.18 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $123.24 and its 200 day moving average is $121.78. Prologis, Inc. has a 52 week low of $96.64 and a 52 week high of $137.52.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.77%. This is an increase from Prologis’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Friday, March 15th. Prologis’s dividend payout ratio is 112.28%.

Institutional Trading of Prologis

Several large investors have recently modified their holdings of the business. Family Legacy Inc. lifted its holdings in Prologis by 0.5% in the 4th quarter. Family Legacy Inc. now owns 16,634 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 87 shares during the period. Lockerman Financial Group Inc. lifted its stake in Prologis by 2.0% in the fourth quarter. Lockerman Financial Group Inc. now owns 4,402 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 87 shares during the period. Hixon Zuercher LLC boosted its holdings in Prologis by 0.6% in the fourth quarter. Hixon Zuercher LLC now owns 14,631 shares of the real estate investment trust’s stock valued at $1,950,000 after acquiring an additional 88 shares in the last quarter. AdvisorNet Financial Inc increased its position in Prologis by 11.0% during the 4th quarter. AdvisorNet Financial Inc now owns 911 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 90 shares during the period. Finally, CVA Family Office LLC increased its position in Prologis by 21.4% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 94 shares during the period. 93.50% of the stock is owned by institutional investors.

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.