Prologis’ (PLD) Market Perform Rating Reiterated at Raymond James

Raymond James reissued their market perform rating on shares of Prologis (NYSE:PLD) in a research report report published on Monday morning, Marketbeat Ratings reports.

Other analysts have also recently issued reports about the company. BNP Paribas upgraded Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Robert W. Baird lifted their target price on Prologis from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Barclays increased their price target on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their price objective on shares of Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a report on Monday, January 27th. Finally, Baird R W raised shares of Prologis from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.78.

Prologis Stock Up 0.4 %

PLD stock opened at $118.82 on Monday. The company has a market cap of $110.05 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.66 and a beta of 1.10. The firm has a 50-day moving average of $111.07 and a two-hundred day moving average of $118.29. Prologis has a 12 month low of $100.82 and a 12 month high of $135.76. The company has a current ratio of 0.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Institutional Trading of Prologis

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its stake in Prologis by 38.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,034 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 839 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Prologis by 10.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,971 shares of the real estate investment trust’s stock worth $1,048,000 after purchasing an additional 949 shares in the last quarter. Sherman Asset Management Inc. purchased a new stake in shares of Prologis during the 4th quarter worth approximately $140,000. Richard W. Paul & Associates LLC boosted its holdings in shares of Prologis by 17.5% in the 4th quarter. Richard W. Paul & Associates LLC now owns 4,130 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 616 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Prologis by 8.1% in the 4th quarter. Metis Global Partners LLC now owns 167,848 shares of the real estate investment trust’s stock valued at $17,742,000 after buying an additional 12,631 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, 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.