Prologis (NYSE:PLD) Earns “Market Perform” Rating from Raymond James Financial

Prologis (NYSE:PLD)‘s stock had its “market perform” rating reissued by Raymond James Financial in a research note issued on Thursday,Benzinga reports.

Several other research firms have also weighed in on PLD. Truist Financial lifted their target price on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada upped their price target on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $151.86.

Prologis Stock Performance

PLD stock opened at $140.83 on Thursday. The business’s 50-day moving average price is $142.69 and its two-hundred day moving average price is $135.94. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $131.30 billion, a PE ratio of 35.47, a P/E/G ratio of 3.21 and a beta of 1.32. Prologis has a 1-year low of $103.41 and a 1-year high of $150.18.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share 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 analyst estimates of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts forecast that Prologis will post 6.18 earnings per share for the current year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Prologis

Institutional investors have recently made changes to their positions in the business. Nvwm LLC lifted its position in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after purchasing an additional 15,235 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Prologis in the third quarter worth $42,158,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Prologis in the fourth quarter worth $2,581,000. Laffer Tengler Investments Inc. lifted its position in shares of Prologis by 20.7% in the third quarter. Laffer Tengler Investments Inc. now owns 44,608 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 7,658 shares in the last quarter. Finally, Avanza Fonder AB lifted its position in shares of Prologis by 8.4% in the fourth quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares in the last quarter. 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.