Prologis, Inc. (NYSE:PLD - Free Report) - Zacks Research lifted their Q2 2025 EPS estimates for Prologis in a note issued to investors on Wednesday, June 26th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $1.48 for the quarter, up from their prior forecast of $1.47. The consensus estimate for Prologis' current full-year earnings is $5.42 per share.
Other analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of Prologis from $151.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. Evercore ISI dropped their price target on shares of Prologis from $136.00 to $123.00 and set an "in-line" rating for the company in a research note on Thursday, April 18th. Mizuho dropped their price target on shares of Prologis from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Friday, May 31st. Royal Bank of Canada dropped their price target on shares of Prologis from $145.00 to $124.00 and set an "outperform" rating for the company in a research note on Monday, May 6th. Finally, StockNews.com lowered shares of Prologis from a "hold" rating to a "sell" rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.76.
Check Out Our Latest Research Report on PLD
Prologis Stock Down 0.3 %
Shares of PLD traded down $0.36 during mid-day trading on Monday, reaching $111.95. 2,380,745 shares of the stock traded hands, compared to its average volume of 3,755,133. The firm has a market cap of $103.65 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.50 and a beta of 1.07. The stock has a fifty day simple moving average of $108.14 and a 200 day simple moving average of $121.77. Prologis has a 12-month low of $96.64 and a 12-month high of $137.52. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.51.
Hedge Funds Weigh In On Prologis
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bright Futures Wealth Management LLC. acquired a new stake in Prologis in the first quarter worth about $379,000. Pathway Financial Advisers LLC acquired a new stake in Prologis in the first quarter worth about $49,000. Cetera Advisors LLC lifted its holdings in Prologis by 118.7% in the first quarter. Cetera Advisors LLC now owns 37,992 shares of the real estate investment trust's stock worth $4,947,000 after purchasing an additional 20,623 shares during the period. Cetera Investment Advisers lifted its holdings in Prologis by 107.9% in the first quarter. Cetera Investment Advisers now owns 159,311 shares of the real estate investment trust's stock worth $20,745,000 after purchasing an additional 82,682 shares during the period. Finally, Raelipskie Partnership acquired a new stake in Prologis in the first quarter worth about $629,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Prologis Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Monday, June 17th. Prologis's dividend payout ratio (DPR) is 112.28%.
About Prologis
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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.
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