Prologis (NYSE:PLD) Stock Price Expected to Rise, UBS Group Analyst Says

Prologis (NYSE:PLDGet Free Report) had its price target upped by investment analysts at UBS Group from $121.00 to $137.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 13.06% from the company’s previous close.

PLD has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada upped their price target on Prologis from $125.00 to $128.00 and gave the company a “sector perform” rating in a research report on Monday. BNP Paribas raised Prologis to a “strong-buy” rating in a report on Wednesday, January 22nd. Barclays boosted their price objective on Prologis from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets downgraded Prologis from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $120.00 to $104.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.72.

Check Out Our Latest Research Report on PLD

Prologis Trading Down 0.1 %

Shares of PLD stock opened at $121.18 on Tuesday. Prologis has a fifty-two week low of $100.82 and a fifty-two week high of $135.76. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The stock’s fifty day moving average is $110.49 and its two-hundred day moving average is $118.41. The firm has a market capitalization of $112.23 billion, a P/E ratio of 30.29, a PEG ratio of 3.19 and a beta of 1.09.

Institutional Trading of Prologis

Several hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its position in shares of Prologis by 640.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 259 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 224 shares during the last quarter. Dunhill Financial LLC lifted its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 182 shares during the last quarter. Hara Capital LLC acquired a new position in shares of Prologis during the 3rd quarter worth about $48,000. Coastline Trust Co purchased a new position in shares of Prologis in the 3rd quarter valued at about $52,000. Finally, Fortitude Family Office LLC raised its position in shares of Prologis by 120.6% during the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.