Prologis (NYSE:PLD) Given New $167.00 Price Target at Wells Fargo & Company

Prologis (NYSE:PLD) had its target price increased by stock analysts at Wells Fargo & Company from $155.00 to $167.00 in a report released on Monday,MarketScreener reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 18.32% from the company’s previous close.

PLD has been the topic of several other research reports. Scotiabank lifted their price target on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group cut their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Citigroup boosted their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

Prologis Price Performance

NYSE PLD traded down $2.32 on Monday, reaching $141.15. The company’s stock had a trading volume of 236,066 shares, compared to its average volume of 3,455,958. Prologis has a twelve month low of $103.41 and a twelve month high of $147.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $131.60 billion, a PE ratio of 35.55, a PEG ratio of 3.16 and a beta of 1.32. The firm’s 50 day moving average is $139.20 and its two-hundred day moving average is $134.17.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, sell-side analysts predict that Prologis will post 6.18 EPS for the current year.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently bought and sold shares of PLD. Nvwm LLC grew its stake in Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the period. Foresight Group Ltd Liability Partnership lifted its stake in Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after buying an additional 31,567 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after buying an additional 126,613 shares in the last quarter. Assetmark Inc. lifted its position in Prologis by 10.0% in the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock valued at $9,087,000 after acquiring an additional 7,217 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Prologis by 1.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 754,060 shares of the real estate investment trust’s stock valued at $86,355,000 after acquiring an additional 14,318 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Company Profile

Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs.

With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific.