Prologis, Inc. (NYSE:PLD) Receives $153.81 Consensus Price Target from Brokerages

Shares of Prologis, Inc. (NYSE:PLD) have been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $154.5714.

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Argus boosted their target price on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup increased their target price on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: RBC Capital Markets upgraded Prologis to a Buy-equivalent rating, providing a favorable analyst view of the company’s growth prospects and valuation. Prologis raised to Buy equivalent at RBC Capital
• Positive Sentiment: Prologis remains exposed to strong demand for logistics facilities and data-center infrastructure, themes that could support occupancy, rents and future development opportunities. Prologis and the data-center land rush
• Neutral Sentiment: On August 5, Prologis announced a public offering of 15 million common shares expected to raise approximately $2.1 billion. The proceeds are intended to help fund the potential SEGRO acquisition, but the transaction remains dependent on completing the deal. Prologis announces public offering to fund potential SEGRO acquisition
• Negative Sentiment: The expanded common-stock offering increases the number of shares outstanding, creating dilution for existing shareholders and likely contributing to the stock’s weaker performance. Investors are also assessing execution and integration risks tied to the potential SEGRO transaction. Prologis raises additional equity capital through share offering

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Prologis

Several large investors have recently added to or reduced their stakes in PLD. Vanguard Group Inc. boosted its position in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. Geode Capital Management LLC raised its position in shares of Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the period. Capital Research Global Investors lifted its stake in shares of Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares in the last quarter. Norges Bank purchased a new stake in shares of Prologis during the 4th quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after buying an additional 516,765 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 1.2%

Shares of PLD stock opened at $139.06 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $129.75 billion, a price-to-earnings ratio of 30.97 and a beta of 1.31. Prologis has a 52-week low of $103.41 and a 52-week high of $153.35. The company has a 50-day simple moving average of $143.34 and a two-hundred day simple moving average of $139.49.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis will post 6.28 EPS for the current fiscal year.

About Prologis

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.