Bank of America Raises Prologis (NYSE:PLD) Price Target to $162.00

Prologis (NYSE:PLD) had its price target raised by equities researchers at Bank of America from $153.00 to $162.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Bank of America‘s price objective would suggest a potential upside of 12.41% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group decreased their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Citigroup began coverage on Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 price objective for the company. Barclays reaffirmed an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 price target on shares of Prologis in a research note on Friday. Finally, Morgan Stanley set a $135.00 price objective on shares of Prologis in a research report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.47.

Prologis Price Performance

NYSE:PLD traded down $0.99 during trading hours on Monday, hitting $144.11. The stock had a trading volume of 129,174 shares, compared to its average volume of 3,529,501. The company has a 50 day simple moving average of $136.29 and a two-hundred day simple moving average of $129.94. The firm has a market capitalization of $134.34 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 3.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58. Prologis has a one year low of $97.10 and a one year high of $145.44.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Research analysts forecast that Prologis will post 5.73 earnings per share for the current fiscal year.

Institutional Trading of Prologis

Hedge funds have recently modified their holdings of the business. Ares Financial Consulting LLC bought a new position in shares of Prologis in the 4th quarter worth about $26,000. High Point Wealth Management LLC purchased a new stake in Prologis in the fourth quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis during the fourth quarter valued at approximately $27,000. SouthState Bank Corp increased its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Prologis during the fourth quarter valued at approximately $29,000. Institutional investors own 93.50% of the company’s stock.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Bank of America reiterated a Buy and raised its price target to $162, citing the Q1 beat, an expanding development pipeline and an upgraded earnings outlook — a clear buy?side endorsement. Read More.
• Positive Sentiment: Argus bumped its price target to $152 and maintained a Buy, adding to upward analyst momentum and reinforcing demand expectations. Read More.
• Positive Sentiment: BNP Paribas Exane raised its target to $150 and kept an Outperform rating, another vote of confidence from the sell side. Read More.
• Positive Sentiment: Company commentary and reports highlight leasing strength and growing exposure to higher?value uses (notably data centers internationally), which supports durable rent growth and occupancy stability. Read More.
• Positive Sentiment: Prologis’ earnings call signaled a confident growth path—management pointed to expanding development activity and global diversification as drivers of longer?term rent growth. Read More.
• Neutral Sentiment: Some coverage flags valuation: Seeking Alpha notes solid results and outlook but argues PLD is not a bargain given elevated multiples — a reminder that strong fundamentals are partly priced in. Read More.
• Neutral Sentiment: Several market writeups and comparison pieces (including peer analysis) are circulating; these help investors weigh PLD’s defensive/industrial merits versus specialty REITs but don’t change near?term fundamentals. Read More.
• Neutral Sentiment: Multiple outlets (including AmericanBankingNews) published incremental price?target raises today (examples reported at $161, $152, $150 and $136) — the net effect is upward pressure, though individual targets vary. Read More.
• Negative Sentiment: Robert W. Baird raised its target modestly to $136 but kept a Neutral rating — that PT implies downside versus the current price and serves as a cautionary signal for near?term upside. Read More.

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.