Prologis, Inc. (NYSE:PLD) has a Consensus Buy rating through brokers

Prologis, Inc. (NYSE:PLD – Get Rating) has received an average rating of “buy” from the thirteen analysts covering the company, reports One equities research analyst has rated the stock with a hold rating, five with a buy rating and one with a strong buy rating. The average 1-year target price among brokers who have covered the stock over the past year is $174.75.

Several equities analysts have recently issued reports on PLD stocks. Robert W. Baird increased his price target on Prologis to $175.00 from $152.00 in a report on Wednesday, April 20. Truist Financial lowered its price target on Prologis to $162.00 from $166.00 and gave the stock a “na” rating in a report Monday, May 16. downgraded Prologis from a “buy” rating to a “hold” rating in a report Wednesday, April 20. Wells Fargo & Company lowered its price target for Prologis from $184.00 to $160.00 in a research note on Monday, June 6th. Finally, Barclays raised its price target on Prologis to $190.00 from $171.00 and gave the company a rating on Thursday, March 21.


The White House is terrified that our country’s lithium supply is running out. That’s why Biden issued Executive Order 14017 to figure out how we can expand our lithium production. And that’s BIG news for a company that’s gobbling up land in the lithium-rich Nevada desert.

In related news, Director William D. Zollars sold 1,350 shares of the stock in a transaction on Friday, March 25. The stock sold at an average price of $155.68 for a total transaction of $210,168.00. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. In addition, Director Avid Modjtabai acquired 15,000 shares of the company in a transaction that took place on Friday, May 20th. The shares were purchased at an average price of $118.65 per share for a total value of $1,779,750.00. Upon completion of the acquisition, the Director now owns 15,000 shares of the Company, valued at approximately $1,779,750. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

A number of hedge funds have been buying and selling PLD stocks recently. Retirement Planning Co of New England Inc. purchased a new position in Prologis valued at approximately $25,000 during the fourth quarter. American National Bank bought a new position in Prologis stock worth about $26,000 during the first quarter. William Allan LLC bought a new position in Prologis stock valued at approximately $27,000 during the fourth quarter. Richwood Investment Advisors LLC acquired a new position in Prologis stock valued at approximately $27,000 during the fourth quarter. Finally, M&R Capital Management Inc. increased its stake in Prologis shares by 245.1% during the first quarter. M&R Capital Management Inc. now owns 176 shares of the Real Estate Investment Trust valued at $28,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 93.53% of the company’s shares.

Shares of PLD stock opened at $112.36 on Wednesday. The stock’s 50-day moving average is $136.11 and its 200-day moving average is $148.95. The company has a debt to equity ratio of 0.48, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $83.18 billion, a PE ratio of 22.52, a PEG ratio of 2.19, and a beta of 0.84. Prologis has a 52-week low of $106.46 and a 52-week high of $174.54.

Prologis (NYSE:PLD – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The Real Estate Investment Trust reported earnings per share (EPS) of $1.54 for the quarter, beating the consensus estimate of $0.55 by $0.99. The company made $1.08 billion in revenue for the quarter, compared to analysts’ expectations of $1.09 billion. Prologis had a return on equity of 9.98% and a net margin of 77.08%. The company’s quarterly revenue increased 5.4% compared to the same quarter last year. In the same quarter last year, the company generated earnings per share of $0.97. As a group, analysts are forecasting that Prologis will report earnings per share of 5.15 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16 will receive a dividend of $0.79 per share. That equates to a dividend of $3.16 on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday 15th June. Prologis’ payout ratio is currently 63.33%.

Prologis Company Profile (get rating)

Prologis, Inc is the world’s leading provider of logistics real estate with a focus on high-growth markets. As of December 31, 2020, the Company owned or owned 100 percent or through co-investment ventures interests in properties and developments estimated to total approximately 984 million square feet (91 million square meters) in 19 countries.

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Analyst Recommendations for Prologis (NYSE:PLD)

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