Prologis (NYSE:PLD) PT Lowered to $141.00

Prologis (NYSE:PLD) had its target price dropped by analysts at Barclays from $153.00 to $141.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price suggests a potential upside of 8.31% from the stock’s previous close.

PLD has been the subject of several other reports. Royal Bank of Canada raised their target price on shares of Prologis from $128.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. TheStreet upgraded shares of Prologis from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Mizuho raised their price target on shares of Prologis from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Evercore ISI restated an “in-line” rating and set a $136.00 price target on shares of Prologis in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. raised shares of Prologis from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $123.00 to $148.00 in a research report on Monday, December 18th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Prologis Stock Up 1.0 %

Prologis stock opened at $130.18 on Wednesday. Prologis has a 52 week low of $96.64 and a 52 week high of $137.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $130.56 and its two-hundred day moving average price is $121.69. The stock has a market cap of $120.42 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.50 and a beta of 1.00.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 17th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.58). Prologis had a net margin of 38.13% and a return on equity of 5.29%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that Prologis will post 5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in Prologis during the 4th quarter valued at about $21,860,000. HighPoint Advisor Group LLC acquired a new position in Prologis during the 4th quarter valued at about $1,381,000. Ables Iannone Moore & Associates Inc. acquired a new position in Prologis during the 4th quarter valued at about $69,000. Sivia Capital Partners LLC acquired a new position in Prologis during the 4th quarter valued at about $227,000. Finally, Cove Private Wealth LLC acquired a new position in Prologis during the 4th quarter valued at about $733,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Company Profile

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.