Prologis (NYSE:PLD) Stock Price Expected to Rise, UBS Group Analyst Says

Prologis (NYSE:PLDGet Free Report) had its target price boosted by equities researchers at UBS Group from $148.00 to $161.00 in a research note issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 12.62% from the company’s previous close.

A number of other research firms have also commented on PLD. Citigroup started coverage on shares of Prologis in a research report on Thursday, March 5th. They set a “buy” rating and a $145.00 price target on the stock. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. BTIG Research reissued a “buy” rating and set a $155.00 target price on shares of Prologis in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Friday, March 27th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.84.

Read Our Latest Report on PLD

Prologis Stock Up 0.6%

PLD opened at $142.95 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $136.13 and its 200 day simple moving average is $129.53. Prologis has a 1-year low of $97.10 and a 1-year high of $145.01. The stock has a market cap of $133.27 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Prologis (NYSE:PLDGet Free Report) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.12 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, research analysts expect that Prologis will post 5.73 earnings per share for the current year.

Institutional Investors Weigh In On Prologis

Large investors have recently modified their holdings of the stock. High Note Wealth LLC increased its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares in the last quarter. Dearborn Partners LLC lifted its holdings in shares of Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 79 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 80 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Prologis by 0.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

Prologis Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Prologis (NYSE:PLD)

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