Truist Financial Lowers Prologis (NYSE:PLD) Price Target to $139.00

Prologis (NYSE:PLD) had its price objective lowered by equities research analysts at Truist Financial from $142.00 to $139.00 in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price points to a potential upside of 9.02% from the stock’s current price.

Several other equities research analysts have also recently commented on PLD. UBS Group lifted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Robert W. Baird reiterated a “neutral” rating and set a $130.00 target price (up previously from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.22.

Prologis Trading Up 0.3%

Shares of PLD stock traded up $0.35 on Monday, reaching $127.50. 791,640 shares of the stock were exchanged, compared to its average volume of 3,614,555. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. Prologis has a one year low of $85.35 and a one year high of $134.94. The stock has a market cap of $118.43 billion, a PE ratio of 37.23, a P/E/G ratio of 3.71 and a beta of 1.40. The stock has a 50 day moving average price of $128.38 and a 200 day moving average price of $119.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Prologis will post 5.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Clayton Financial Group LLC bought a new stake in Prologis in the 3rd quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the fourth quarter valued at approximately $27,000. True Wealth Design LLC lifted its position in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Prologis in the third quarter worth $36,000. Finally, Rossby Financial LCC boosted its holdings in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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.