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

Prologis (NYSE:PLD) had its target price trimmed by Truist Financial from $142.00 to $139.00 in a research report report published on Monday, MarketBeat.com reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently commented on PLD. Robert W. Baird reissued a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Industrial Alliance Securities set a $119.00 price target on shares of Prologis in a report on Monday, October 20th. Wells Fargo & Company raised their price objective on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price objective on shares of Prologis in a research report on Thursday, January 22nd. Finally, UBS Group increased their target price on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.22.

Prologis Stock Performance

NYSE:PLD opened at $127.19 on Monday. Prologis has a 52 week low of $85.35 and a 52 week high of $134.94. The company has a fifty day simple moving average of $128.63 and a two-hundred day simple moving average of $119.67. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The company has a market cap of $118.14 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40.

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

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is 117.78%.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis 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 sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. 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 Trading of Prologis

Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in Prologis in the fourth quarter valued at approximately $27,000. Clayton Financial Group LLC acquired a new position in shares of Prologis in the 3rd quarter valued at $26,000. True Wealth Design LLC raised its position in Prologis by 87.1% in the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 122 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Prologis during the 4th quarter worth $38,000. Finally, Beacon Financial Strategies CORP purchased a new position in Prologis during the 4th quarter worth $40,000. 93.50% of the stock is owned by institutional investors and hedge funds.

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.