Prologis, Inc. (NYSE:PLD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Prologis, Inc. (NYSE:PLD) have been given a consensus recommendation of “Moderate Buy” by the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $154.5714.

Several research firms have recently commented on PLD. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. BMO Capital Markets reduced their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Barclays increased their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Morgan Stanley raised their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th.

Prologis Stock Down 0.5%

Shares of Prologis stock opened at $139.94 on Tuesday. The company has a 50-day simple moving average of $142.37 and a two-hundred day simple moving average of $140.61. The stock has a market capitalization of $130.58 billion, a PE ratio of 31.17 and a beta of 1.31. Prologis has a 52-week low of $110.51 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the firm posted $1.46 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis will post 6.27 EPS for the current fiscal year.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Prologis

A number of institutional investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the 2nd quarter valued at about $25,000. Solstein Capital LLC bought a new position in Prologis in the 2nd quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter worth about $26,000. High Point Wealth Management LLC bought a new stake in Prologis during the 4th quarter valued at $26,000. Finally, Clearstead Trust LLC purchased a new position in Prologis during the 2nd quarter valued at about $28,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

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.