Prologis (NYSE:PLD – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.
PLD has been the topic of several other research reports. The Goldman Sachs Group cut their price objective on Prologis from $163.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Evercore ISI lowered their price objective on shares of Prologis from $136.00 to $123.00 and set an “in-line” rating for the company in a research note on Thursday, April 18th. Argus cut their target price on shares of Prologis from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Mizuho reissued a “neutral” rating and issued a $130.00 price target on shares of Prologis in a research report on Tuesday, April 2nd. Finally, Robert W. Baird cut their price objective on Prologis from $137.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.35.
Get Our Latest Stock Analysis on Prologis
Prologis Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in Prologis during the 4th quarter valued at approximately $27,000. Optimum Investment Advisors purchased a new position in Prologis during the 1st quarter worth $26,000. Thompson Investment Management Inc. acquired a new stake in shares of Prologis in the 4th quarter worth $28,000. JFS Wealth Advisors LLC boosted its holdings in shares of Prologis by 254.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 168 shares in the last quarter. Finally, Clear Investment Research LLC increased its stake in shares of Prologis by 188.1% during the fourth quarter. Clear Investment Research LLC now owns 242 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 158 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.
About Prologis
Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.
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