Dernières nouvelles pour Prologis (NYSE:PLD) Stock

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.

Prologis Inc

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Putnam Sustainable Leaders ETF

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Prologis shares are trading higher following a Q3 FFO beat. The company also raised the bottom end of its FY24 FFO guidance.

Prologis, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) shares are trading higher after the company&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41354646/prologis-reports-third-quarter-results" rel="noreferrer noopener">third-quarter financial results</a>.
Rental revenue of $1.90 billion missed the consensus estimates of $1.95 billion. The company&#8217;s average occupancy stood at 95.9%, with a leased 49.0MSF operating portfolio and a 1.8MSF development portfolio.
Core funds from operations per diluted share were&nbsp;$1.43, higher than&nbsp;$1.30 a year ago and above&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.37</a>.
During the quarter, Prologis and its co-investment ventures issued an aggregate of&nbsp;$4.6 billion of debt at a weighted average interest rate of&nbsp;4.6% and a weighted average term of&nbsp;8.9 years.&nbsp;
As of quarter-end, debt as a percentage of total market capitalization was&nbsp;23.1%, and the company&#8217;s weighted average interest rate on its share of total debt was&nbsp;3.1%, with a weighted average term of 9.2&nbsp;years.
FY24 Guidance: Prologis revised the outlook for core FFO attributable to common stockholders/unitholders to $5.42 &#8211; $5.46 (from $5.39 &#8211; $5.47) <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">versus the consensus of $5.42.</a>
Also, the company revised the outlook for net earnings per share to $3.35 &#8211; $3.45 (from $3.25 &#8211; $3.45).
The company revised average occupancy&nbsp;guidance&nbsp;to 96.00% &#8211; 96.50% <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39816762/why-industrial-reit-prologis-shares-are-trading-higher-today" rel="noreferrer noopener">(from 95.75% &#8211; 96.75%) in FY24</a>.
Hamid R. Moghadam, co-founder and CEO, said, &#8220;Looking ahead, the supply picture is improving, and the long-term demand drivers for our business remain strong. Going forward, we find ourselves in an enviable position as the partner of choice for leading global customers, to meet their needs in supply chain, digital and energy infrastructure.&#8221;
Investors can gain exposure to the stock via&nbsp;Pacer Industrial Real Estate ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDS#NYSE">INDS</a>) and&nbsp;SP Funds S&amp;P Global REIT Sharia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPRE#NYSE">SPRE</a>).
Price Action:&nbsp;PLD shares are up 1.32% at $122.99 premarket at the last check Wednesday.
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Earnings

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Guidance

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Logistics Real Estate Company Prologis' Q3 Earnings: FFO Beats, Revenue Misses, Revises FY24 Guidance

Prologis Sees FY24 Core FFO $5.49-$5.53 Vs $5.46-$5.54 Prior

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.37 by 4.38 percent. The company reported quarterly sales of $1.90 billion which missed the analyst consensus estimate of $1.95 billion by 2.54 percent. This is a 6.75 percent increase over sales of $1.78 billion the same period last year.

Earnings Beats

Earnings Misses

Prologis Q3 2024 FFO $1.43 Beats $1.37 Estimate, Sales $1.90B Miss $1.95B Estimate

Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-16. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Prologis to report an earnings per share (EPS) of $1.38.
The market awaits Prologis's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 0.48% drop in the share price on the subsequent day.
Here's a look at Prologis's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.33</td>
<td>1.28</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.34</td>
<td>1.28</td>
<td>1.26</td>
<td>1.3</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-2.0%</td>
<td>-0.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Prologis were trading at $120.46 as of October 14. Over the last 52-week period, shares are up 16.07%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Insights on Prologis</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Prologis.
Analysts have given Prologis a total of 15 ratings, with the consensus rating being Neutral. The average one-year price target is $133.93, indicating a potential 11.18% upside.
<h3>Peer Ratings Comparison</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Lineage, Rexford Industrial Realty and EastGroup Props, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>For Lineage, analysts project an Outperform trajectory, with an average 1-year price target of $93.36, indicating a potential 22.5% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Rexford Industrial Realty, with an average 1-year price target of $55.14, suggesting a potential 54.23% downside.</li>
<li>EastGroup Props is maintaining an Outperform status according to analysts, with an average 1-year price target of $198.69, indicating a potential 64.94% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
In the peer analysis summary, key metrics for Lineage, Rexford Industrial Realty and EastGroup Props are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Prologis</td>
<td>Neutral</td>
<td>-18.08%</td>
<td>$1.49B</td>
<td>1.62%</td>
</tr>
<tr>
<td>Lineage</td>
<td>Outperform</td>
<td>-0.59%</td>
<td>$447M</td>
<td>-1.01%</td>
</tr>
<tr>
<td>Rexford Industrial Realty</td>
<td>Outperform</td>
<td>21.36%</td>
<td>$185.67M</td>
<td>1.01%</td>
</tr>
<tr>
<td>EastGroup Props</td>
<td>Outperform</td>
<td>13.73%</td>
<td>$115.24M</td>
<td>2.04%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Prologis ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Discovering Prologis: A Closer Look</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>Prologis's Economic Impact: An Analysis</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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.
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 ROE stands out, surpassing industry averages. With an impressive ROE of 1.62%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.92%, the company showcases effective utilization of assets.
Debt Management: Prologis's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.56.
<a href="https://www.benzinga.com/quote/PLD/earnings">To track all earnings releases for Prologis visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Prologis's Earnings

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">NetSTREIT Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTST#NYSE">NTST</a>)</h3>
<ul>
<li>NETSTREIT will release its third quarter 2024 financial results on Nov. 4, 2024 after the close of trading on the NYSE. The company's stock fell around 10% over the past month and has a <a href="https://www.benzinga.com/quote/NTST">52-week low of $13.49</a>.</li>
<li>RSI Value: 27.18</li>
<li>NTST Price Action: Shares of NetSTREIT closed at $15.44 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">latest NTST news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074314/image-81.png" alt="" class="wp-image-591085" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074314/image-81.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074314/image-81-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074314/image-81-768x700.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Lineage Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINE#NASDAQ">LINE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>Lineage will report its financial results for the third quarter of 2024 on Wednesday, Nov. 6, 2024, before the opening bell. The company's stock fell around 10% over the past month. It <a href="https://www.benzinga.com/quote/LINE">has a 52-week low</a> of $73.16.</li>
<li>RSI Value: 26.01</li>
<li>LINE Price Action: Shares of Lineage fell 0.4% to close at $73.99 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">trend in LINE stock</a>. </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/5734f4ce-a22d-4a27-988c-ae3f3af79c38" alt="" style="width:628px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Prologis Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>)</h3>
<ul>
<li>On Oct. 10, Barclays analyst Anthony Powell maintained Prologis with an Overweight and lowered the price target from $142 to $131. The company's shares fell around 11% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/PLD">low of $10.02</a>.</li>
<li>RSI Value: 28.20</li>
<li>PLD Price Action: Shares of Prologis fell 0.5% to close at $118.28 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">breakout in PLD shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="868" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074514/image-83.png" alt="" class="wp-image-591091" style="width:660px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074514/image-83.png 868w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074514/image-83-300x287.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11074514/image-83-768x734.png 768w" sizes="(max-width: 868px) 100vw, 868px" /></a></figure>
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Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

LINE

NTST

Top 3 Real Estate Stocks That May Explode This Quarter

16 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 following table encapsulates their recent ratings, offering a glimpse into the evolving 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;">6</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;">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;">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>2M Ago</td>
<td style="text-align: right;">0</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;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Prologis, presenting an average target of $132.75, a high estimate of $156.00, and a low estimate of $115.00. This current average reflects an increase of 3.93% from the previous average price target of $127.73. 
<img src="https://www.benzinga.com/files/images/story/2024/1728579662_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Prologis by financial experts is analyzed through recent analyst actions. 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>Anthony Powell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$131.00</td>
<td>$142.00</td>
</tr>
<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 frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Prologis. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer 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: Understanding forecasts, analysts offer estimates for Prologis's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Prologis's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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>Key Indicators: Prologis's Financial Health</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 42.82%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Prologis's ROE excels beyond industry benchmarks, reaching 1.62%. This signifies robust financial management and efficient use of 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 industry norms, indicating a sound financial structure with a ratio of 0.56.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

The Analyst Landscape: 16 Takes On Prologis

Barclays analyst Anthony Powell maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Overweight and lowers the price target from $142 to $131.

Price Target

Barclays Maintains Overweight on Prologis, Lowers Price Target to $131

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 1.37% on an annualized basis producing an average annual return of 12.75%. Currently, Prologis has a market capitalization of $114.67 billion. 
Buying $1000 In PLD: If an investor had bought $1000 of PLD stock 10 years ago, it would be worth $3,282.53 today based on a price of $123.85 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/2024/1727805632_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.

$1000 Invested In Prologis 10 Years Ago Would Be Worth This Much Today

Sales of single-family homes fell last <a href="https://www.benzinga.com/real-estate/24/06/39465243/u-s-home-sales-decline-for-third-month-as-record-prices-pose-persistent-affordability-challenges-dur">month from July </a>but rose from a year ago as mortgage rates kept falling.
New single-family home sales fell 4.7% in August from the prior month to an annualized rate of 716,000, according to estimates released on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
That was up 9.8% from an annualized rate of 652,000 home sales in August 2023.
The latest month-over-month decline was in contrast to a 10.3% jump in single-family home sales from June to July.
Single-family home sales fell the most from July to August in the West, falling 17.8% to an annualized rate of 152,000 in that region.
Read Also: <a href="https://www.benzinga.com/real-estate/24/06/39398524/home-sales-suffer-third-worst-month-in-the-last-10-years">Home Sales Suffer Third Worst Month In The Last 10 Years</a>
Sales of all homes, which also included condominiums, townhomes and co-ops, slipped 2.5% from July to a seasonally adjusted annual rate of 3.86 million in August, according to latest figures from the National Association of Realtors (NAR). Year-over-year sales for August declined 4.2% from 4.03 million in August 2023.
"Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months," NAR chief economist Lawrence Yun said.
"The home-buying process, from the initial search to getting the house keys, typically takes several months."
The interest rate on a 30-year mortgage fell to a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41024067/mortgage-demand-soars-as-fed-interest-rate-cut-fuels-housing-market-revival-next-sp">two-year low of 6.13%</a>, a week after the Federal Reserve cut interest rates by 50 basis points to mark the first Fed rate cut in four years.
Price Action: Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), one of the largest homebuilders with a market cap of $49.5 billion, slipped 1.29% to close Wednesday at $181.86.
<ul>
<li>IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) slipped 1.71%</li>
<li>Direxion Daily Homebuilders &amp; Supplies Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAIL#NYSE">NAIL</a>) fell 4.94%</li>
<li>AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) went up 0.17%</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39909262/us-home-sales-see-sharpest-monthly-decline-in-1-5-years-as-record-high-prices-keep-buyers-on-the-s">US Home Sales See Sharpest Monthly Decline In 1.5 Years As Record High Prices Keep Buyers On The Sideline</a></li>
</ul>
Photo: Floridastock via Shutterstock

REIT

iShares Dow Jones US Homenstruction Index Fund

NAIL

New US Single-Family Home Sales Fall From Prior Month — But Are Up From A Year Ago As Mortgage Rates Decline

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.

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>

Large Cap

Dividends

Real Estate

LAMR

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

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

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Prologis FFO of $1.43 beats by $0.05, revenue of $2.04B beats by $130M

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Prologis ( ($PLD) ) has provided an update. Prologis, Inc., a leading player in logistics real estate, reported robust financial results for Q3 202...

Prologis Reports Strong Q3 2024 Financial Results

John Kim, an analyst from BMO Capital, maintained the Hold rating on Prologis (PLD – Research Report). The associated price target was raised to $1...

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Prologis (PLD – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Ki Bin Kim from Truist Fina...

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Shares of Prologis ($PLD) gained in trading on Wednesday after the real estate investment trust (REIT) reported better-than-expected results in the...

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