Prologis (NYSE:PLD) Price Target Raised to $162.00

Prologis (NYSE:PLD) had its target price hoisted by stock analysts at Truist Financial from $154.00 to $162.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 8.71% from the company’s previous close.

PLD has been the subject of several other research reports. BMO Capital Markets dropped their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. UBS Group raised their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Barclays boosted their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Mizuho lifted their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.62.

Prologis Stock Performance

Prologis stock traded up $1.53 during midday trading on Tuesday, hitting $149.01. The stock had a trading volume of 1,147,624 shares, compared to its average volume of 3,602,123. Prologis has a 52-week low of $103.41 and a 52-week high of $153.35. The company has a market capitalization of $138.93 billion, a PE ratio of 33.19 and a beta of 1.32. The firm’s fifty day moving average is $143.20 and its two-hundred day moving average is $138.10. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts forecast that Prologis will post 6.26 EPS for the current year.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Family Wealth Partners LLC increased its holdings in Prologis by 25.0% during the 2nd quarter. Family Wealth Partners LLC now owns 4,520 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 905 shares during the period. Tema ETFs LLC increased its stake in shares of Prologis by 10.0% during the second quarter. Tema ETFs LLC now owns 15,977 shares of the real estate investment trust’s stock valued at $2,164,000 after buying an additional 1,450 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Prologis by 7.3% during the second quarter. Handelsbanken Fonder AB now owns 511,537 shares of the real estate investment trust’s stock valued at $69,298,000 after buying an additional 34,582 shares during the period. First Bank & Trust raised its holdings in shares of Prologis by 3.1% in the second quarter. First Bank & Trust now owns 28,113 shares of the real estate investment trust’s stock valued at $3,808,000 after acquiring an additional 850 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC bought a new stake in shares of Prologis in the second quarter valued at about $386,000. Institutional investors own 93.50% of the company’s stock.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Norway’s sovereign wealth fund said a combination of Prologis and SEGRO makes strategic sense and should be considered, which may support investor confidence that the deal could still happen. Norway Oil Fund Urges Constructive Tie-Up Talks Between Prologis and Segro
• Positive Sentiment: Jefferies suggested SEGRO may struggle to create as much value on its own as its standalone plan implies, reinforcing the idea that Prologis could still have a credible acquisition rationale. Jefferies asks whether Segro can go it alone as Prologis deadline looms
• Positive Sentiment: Prologis continues to push its bid for SEGRO, and the market is still focused on whether a revised offer or renewed negotiations could unlock value for PLD shareholders. Prologis piles pressure on SEGRO as takeover deadline looms
• Neutral Sentiment: Several market roundup and momentum articles mentioned Prologis as a stock to watch, but they did not add specific company news strong enough to move the shares on their own.
• Negative Sentiment: The repeated rejection of Prologis’ sweetened SEGRO offers is a near-term risk, because a failed deal could disappoint investors who were betting on acquisition-driven upside. UK’s Segro rejects Prologis’ $18.2 billion sweetened takeover proposal

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.