Prologis (NYSE:PLD) Stock, Quote.Headers.trade-ideas

Prologis

Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.

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Shares of Prologis Inc. (NYSE: PLD) have rallied 19% in the past three months, outperforming the industry&#39;s growth of 16.1%.

Prologis Up 19% in Three Months: Will It Continue to Rise?

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PLD reported Q2 FY24 results, with rental revenue of $1.85B missing estimates. Guidance revised for net earnings per share and core FFO.

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Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) underwent analysis by 15 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $132.87, a high estimate of $156.00, and a low estimate of $115.00. This upward trend is apparent, with the current average reflecting a 4.86% increase from the previous average price target of $126.71.
<img src="https://www.benzinga.com/files/images/story/2024/1726506013_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Prologis is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$128.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$124.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Blaine Heck</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$142.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$122.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Ronald Kamdem</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Jeffrey Spector</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$128.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$135.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$142.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Marie Ferguson</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Prologis. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Prologis compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Prologis's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Prologis's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Prologis analyst ratings.</a>
<h2>About Prologis</h2>
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
<h3>Financial Insights: Prologis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Prologis's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -18.08%. This indicates a decrease in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Prologis's net margin excels beyond industry benchmarks, reaching 42.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Prologis's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.62%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Prologis's ROA excels beyond industry benchmarks, reaching 0.92%. This signifies efficient management of assets and strong financial health.
Debt Management: Prologis's debt-to-equity ratio is below the industry average at 0.56, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Prologis: Insights From 15 Financial Analysts

Evercore ISI Group analyst Steve Sakwa maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a In-Line and raises the price target from $124 to $128.

Price Target

Evercore ISI Group Maintains In-Line on Prologis, Raises Price Target to $128

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) has outperformed the market over the past 10 years by 1.72% on an annualized basis producing an average annual return of 12.15%. Currently, Prologis has a market capitalization of $117.80 billion. 
Buying $1000 In PLD: If an investor had bought $1000 of PLD stock 10 years ago, it would be worth $3,129.89 today based on a price of $127.23 for PLD at the time of writing.
<h3>Prologis's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725656422_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Prologis 10 Years Ago Would Be Worth Today

Shares of&nbsp;Prologis Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pld#NYSE">PLD</a>) have rallied 19% in the past three months, outperforming the&nbsp;industry&#39;s growth of 16.1%.
This industrial real estate investment trust (REIT) targets investments in distribution facilities for customers who are engaged in global trade and depend on the efficient movement of goods through the global supply chain. Apart from having a solid portfolio and gaining from healthy industry fundamentals, PLD stock is benefiting from the narrative surrounding the interest rate cut in the near term.
In July 2024, Prologis reported a second-quarter 2024 core FFO per share of $1.34, outpacing the Zacks Consensus Estimate by a penny. The quarterly results reflected a rise in rental revenues and healthy leasing activity.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/24/76264.jpg?v=451360648" />
Image Source: Zacks Investment Research
<h2>Factors Behind PLD Stock&#39;s Price Surge: Will the Trend Last?</h2>
In a rising e-commerce market, companies are making immense efforts to improve supply-chain efficiencies, propelling demand for logistics infrastructure and efficient distribution networks. Given Prologis&#39; solid capacity to offer modern logistics facilities in some of the busiest distribution markets across the globe, it is well-poised to bank on this trend.
The solid demand for Prologis&#39; strategically located facilities has driven healthy operating performance over the past several quarters. In the second quarter of 2024, 46.6 million square feet of leases commenced in the company&#39;s owned and managed portfolio with an average occupancy level of 96.1%.
Prologis continues to bolster its presence in high-barrier, high-growth markets through strategic acquisitions and development activities. In the second quarter of 2024, the company&#39;s share of building acquisitions amounted to $279 million. Development stabilization aggregated $2.04 billion, with 31.9% being built to suit, while development starts totaled $300 million, with 15.7% being built to suit.
Prologis maintains a healthy balance sheet position with ample flexibility that poises it well to capitalize on long-term growth opportunities. As of June 30, 2024, this industrial REIT had a total available liquidity of $6.45 billion. As of the same date, the company&#39;s weighted average interest rate on its share of the total debt was 3.1%, with a weighted average term of 9.3 years and no significant debt maturities until 2026.
Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and Prologis remains committed to that. In the last five years, Prologis has increased its dividend five times, and its five-year annualized dividend growth rate is 14.31%. Given the company&#39;s solid operating platform, opportunities for growth and decent financial position compared with the industry, this dividend rate is expected to be sustainable over the near term.
<h2>Key Risks for Prologis</h2>
The recovery in the industrial market has continued for a long, and the growth of e-commerce sales is likely to stabilize to some extent in the upcoming quarters. Therefore, any robust performance is unlikely in the near term.
Analysts seem pessimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2024 FFO per share has declined marginally over the past month to $5.42.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the REIT sector are&nbsp;Cousins Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) and&nbsp;Lamar Advertising (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lamr#NASDAQ">LAMR</a>), each carrying a Zacks Rank of 2 (Buy) at present.
The Zacks Consensus Estimate for Cousins Properties&#39; 2024 FFO per share has moved marginally northward over the past two months to $2.66.
The Zacks Consensus Estimate for Lamar Advertising&#39;s 2024 FFO per share has increased marginally over the past week to $8.09.
Note:&nbsp;Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2330447/prologis-up-19-in-three-months-will-it-continue-to-rise?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2330447">To read this article on Zacks.com click here.</a>

Evercore ISI Group analyst Steve Sakwa maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a In-Line and raises the price target from $122 to $124.

Evercore ISI Group Maintains In-Line on Prologis, Raises Price Target to $124

It was reported on August 26, that Joseph Ghazal, Chief Investment Officer at Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001045609/000095017024100639//Archives/edgar/data/1045609/000095017024100639/0000950170-24-100639-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Ghazal sold 5,200 shares of Prologis. The total transaction amounted to $671,164. 
In the Tuesday's morning session, Prologis's shares are currently trading at $129.23, experiencing a up of 0.26%.
<h3>All You Need to Know About Prologis</h3>
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
<h3>Key Indicators: Prologis's Financial Health</h3>
Negative Revenue Trend: Examining Prologis's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -18.08% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: With a high gross margin of 74.31%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Prologis's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 0.93.
</li>
</ul>
Debt Management: Prologis's debt-to-equity ratio is below the industry average. With a ratio of 0.56, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 42.54, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 15.81 is above industry norms, reflecting an elevated valuation for Prologis's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 22.94, Prologis presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001045609">Check Out The Full List Of Prologis's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Chief Investment Officer Of Prologis Makes $671K Sale

13 analysts have expressed a variety of opinions on Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $131.92, along with a high estimate of $156.00 and a low estimate of $115.00. This upward trend is evident, with the current average reflecting a 4.42% increase from the previous average price target of $126.33.
<img src="https://www.benzinga.com/files/images/story/2024/1724680809_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Prologis by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$142.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$122.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Ronald Kamdem</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Jeffrey Spector</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$128.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$135.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$142.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Marie Ferguson</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Prologis. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Prologis compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Prologis's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Prologis's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Prologis analyst ratings.</a>
<h2>Get to Know Prologis Better</h2>
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
<h3>Prologis: A Financial Overview</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Negative Revenue Trend: Examining Prologis's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -18.08% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Prologis's net margin is impressive, surpassing industry averages. With a net margin of 42.82%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Prologis's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.62%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Prologis's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.92%, the company showcases efficient use of assets and strong financial health.
Debt Management: Prologis's debt-to-equity ratio is below the industry average at 0.56, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 13 Analyst Recommendations For Prologis

Scotiabank analyst Nicholas Yulico maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Sector Outperform and raises the price target from $135 to $142.

Scotiabank Maintains Sector Outperform on Prologis, Raises Price Target to $142

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) has outperformed the market over the past 10 years by 1.1% on an annualized basis producing an average annual return of 11.9%. Currently, Prologis has a market capitalization of $116.18 billion. 
Buying $100 In PLD: If an investor had bought $100 of PLD stock 10 years ago, it would be worth $307.55 today based on a price of $125.48 for PLD at the time of writing.
<h3>Prologis's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724344216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Prologis 10 Years Ago Would Be Worth This Much Today

Evercore ISI Group analyst Steve Sakwa maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a In-Line and lowers the price target from $123 to $122.

Evercore ISI Group Maintains In-Line on Prologis, Lowers Price Target to $122

Morgan Stanley analyst Ronald Kamdem maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Overweight and raises the price target from $132 to $133.

Morgan Stanley Maintains Overweight on Prologis, Raises Price Target to $133

When the Federal Reserve starts cutting interest rates, bonds lose some of their luster, making dividend <a href="https://www.benzinga.com/money/best-dividend-paying-stocks">payers more attractive</a>.
But, as Ned Davis Research points out <a href="https://www.cnbc.com/2024/08/12/turn-to-these-dividend-growers-as-the-fed-cuts-rates.html">to</a> CNBC, not all dividend stocks are created equal.
&#8220;In a slow cycle, economic growth remains positive but generally is moderating, and in that environment, investors tend to put a premium on growth of all kinds,&#8221; Ned Davis Research&#8217;s chief U.S. strategist, Ed Clissold said. &#8220;Companies that can still grow their dividend in that environment are signaling to the market that their cash flows and balance sheets are in good shape.&#8221;
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40191584/wall-streets-most-accurate-analysts-say-buy-these-3-tech-and-telecom-stocks-with-over-5-">Wall Street&#8217;s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields</a>
The following REIT stocks offer strong dividend growth that could be your best bet in this environment, Clissold says.
<ul>
<li>Host Hotels &amp; Resorts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>) has upside potential. The stock is down 18.53% year-to-date and a good 12.34% over the past month alone. But don&#8217;t let that fool you. Host Hotels stock pays a dividend yield of around 5% currently. Per analysts&#8217; consensus, the stock is a Buy with a consensus price target of $20.95 a share. The stock closed the trading day Monday at $16.05 a share, down 1.71% for the day. Specializing in luxury and upscale hotels, this company could bounce back as travel demand stabilizes. </li>
<li>Equinix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) is a diversified data center landlord riding the artificial intelligence wave. With demand for data centers soaring, Equinix offers a dividend yield of 2.08%. Equinix stock is up 8.61% YTD. The stock is <a href="https://www.benzinga.com/quote/EQIX/analyst-ratings">rated a Buy</a> per consensus analyst estimates with a price target of $844.15 a share. The stock, with AI on its side, could be poised for growth. </li>
<li>Prologis Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is an industrial REIT that went through a rough patch earlier this year. Its stock is down 10.87% YTD. The stock sports a <a href="https://www.benzinga.com/quote/PLD/dividends">3.2% dividend yield</a>. Analyst consensus rating holds the stock at a Buy with a price target of <a href="https://www.benzinga.com/quote/PLD/analyst-ratings">$140.60 a share</a>. The company initially spooked investors by cutting guidance in April but has since reversed course, raising its full-year forecast in July. If you&#8217;re looking for a recovery play with a solid dividend, Prologis could be the one to watch.</li>
</ul>
As the Fed gently taps the brakes on rates, dividend growth stocks like these could be your ticket to steady income and potential capital gains. Keep an eye on how the Fed&#8217;s actions unfold, and remember: growth often trumps yield in slow cycles.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40312222/wall-streets-most-accurate-analysts-spotlight-on-3-health-care-stocks-delivering-high-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Health Care Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image: Shutterstock

WIIM

Prologis shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.

B of A Securities analyst Jeffrey Spector downgrades Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) from Buy to Neutral and announces $128 price target.

Downgrades

B of A Securities Downgrades Prologis to Neutral, Announces $128 Price Target

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) has outperformed the market over the past 10 years by 1.02% on an annualized basis producing an average annual return of 11.56%. Currently, Prologis has a market capitalization of $113.15 billion. 
Buying $100 In PLD: If an investor had bought $100 of PLD stock 10 years ago, it would be worth $298.12 today based on a price of $122.20 for PLD at the time of writing.
<h3>Prologis's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723233809_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Prologis Stock In The Last 10 Years

Scotiabank analyst Nicholas Yulico maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Sector Outperform and raises the price target from $130 to $135.

Scotiabank Maintains Sector Outperform on Prologis, Raises Price Target to $135

FIBRA Terrafina manages approximately 42.2 million square feet of industrial real estate across several key markets, which includes 288 industrial warehouses and 4 land bank properties. As of&nbsp;June 30, 2024, FIBRA Prologis was comprised of 236 logistics and manufacturing facilities in six industrial markets in&nbsp;Mexico, totaling 46.9 million square feet (4.4 million square meters) of gross leasable area.
&quot;This investment comes at a unique moment for&nbsp;Mexico, and it demonstrates our long-standing commitment to one of our most important markets,&quot; said Dan Letter, president, Prologis. &quot;We appreciate the vote of confidence by&nbsp;Terrafina&#39;s stakeholders in the quality, sustainability and global connectivity of FIBRA Prologis&#39; logistics portfolio and in our shared future success.&quot;

Reported Earlier, Prologis-Sponsored FIBRA Prologis Secures 77.14% Ownership Of Terrafina, Expands Mexican Industrial Portfolio

Prologis shares are trading lower. RBC downgraded the stock from Outperform to Sector Perform.

Truist Securities analyst Ki Bin Kim maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Buy and raises the price target from $125 to $137.

Truist Securities Maintains Buy on Prologis, Raises Price Target to $137

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Prologis and provided 12-month price targets. The average target is $131.0, accompanied by a high estimate of $156.00 and a low estimate of $115.00. Marking an increase of 2.75%, the current average surpasses the previous average price target of $127.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1722859236_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Prologis among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Carroll</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$127.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$142.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Marie Ferguson</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$123.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$130.00</td>
<td>$149.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Prologis. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Prologis compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Prologis's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Prologis's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Prologis analyst ratings.</a>
<h2>About Prologis</h2>
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
<h3>Prologis: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Prologis's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -18.08%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: Prologis's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 42.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Prologis's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.62% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Prologis's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.92% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Prologis's debt-to-equity ratio is below the industry average. With a ratio of 0.56, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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