Prologis (NYSE:PLD) Price Target Raised to $137.00 at UBS Group

Prologis (NYSE:PLD) had its price objective raised by UBS Group from $121.00 to $137.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

PLD has been the topic of a number of other reports. BNP Paribas raised shares of Prologis to a “strong-buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $124.00 to $123.00 in a report on Monday, January 6th. Raymond James reissued an “outperform” rating and issued a $125.00 price objective (down from $130.00) on shares of Prologis in a research report on Wednesday, December 11th. Wolfe Research dropped their target price on Prologis from $135.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $132.00 price target (down previously from $142.00) on shares of Prologis in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $128.72.

Prologis Trading Down 0.8 %

Shares of PLD opened at $120.23 on Tuesday. Prologis has a 12 month low of $100.82 and a 12 month high of $135.76. The stock’s 50-day moving average is $110.63 and its two-hundred day moving average is $118.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.23 and a quick ratio of 0.43. The stock has a market cap of $111.35 billion, a PE ratio of 30.06, a P/E/G ratio of 3.19 and a beta of 1.09.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, December 16th. Prologis’s dividend payout ratio (DPR) is presently 96.00%.

Institutional Trading of Prologis

Several hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its holdings in shares of Prologis by 640.0% during the second quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 224 shares during the period. Dunhill Financial LLC boosted its stake in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 182 shares during the period. Hara Capital LLC bought a new position in Prologis in the 3rd quarter worth about $48,000. Coastline Trust Co acquired a new stake in shares of Prologis in the third quarter valued at approximately $52,000. Finally, Fortitude Family Office LLC increased its stake in shares of Prologis by 120.6% in the third quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 240 shares during the period. Institutional investors own 93.50% of the company’s stock.

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.