Prologis, Inc. (NYSE:PLD) Stock Has Consensus Price Target of $154.52

Prologis, Inc. (NYSE:PLD) has received an average rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $155.29.

Several brokerages have recently issued reports on PLD. KeyCorp reiterated a “sector weight” rating on shares of Prologis in a research report on Monday. Mizuho upped their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird decreased their price target on shares of Prologis from $140.00 to $136.00 and set a “neutral” rating on the stock in a research note on Tuesday. Weiss Ratings lowered shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Tuesday, October 13th.

Hedge Funds Weigh In On Prologis

Several hedge funds and other institutional investors have recently made changes to their positions in PLD. Family Wealth Partners LLC lifted its position in shares of Prologis by 11.8% during the third quarter. Family Wealth Partners LLC now owns 5,054 shares of the real estate investment trust’s stock worth $656,000 after purchasing an additional 534 shares in the last quarter. James Hambro & Partners LLP boosted its stake in shares of Prologis by 19.4% in the third quarter. James Hambro & Partners LLP now owns 22,697 shares of the real estate investment trust’s stock valued at $2,948,000 after purchasing an additional 3,694 shares during the period. Banque Pictet & Cie SA boosted its stake in shares of Prologis by 1,132.3% in the third quarter. Banque Pictet & Cie SA now owns 29,699 shares of the real estate investment trust’s stock valued at $3,856,000 after purchasing an additional 27,289 shares during the period. James T. Borello RIA purchased a new position in shares of Prologis in the third quarter valued at approximately $40,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Prologis by 7.8% in the third quarter. V Square Quantitative Management LLC now owns 23,009 shares of the real estate investment trust’s stock valued at $2,987,000 after purchasing an additional 1,661 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 2.7%

Shares of NYSE:PLD opened at $127.40 on Wednesday. The business’s 50 day moving average price is $135.12 and its 200-day moving average price is $139.82. Prologis has a 1 year low of $121.40 and a 1 year high of $153.35. The firm has a market capitalization of $118.87 billion, a price-to-earnings ratio of 20.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.34 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $0.78 by $0.82. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.18 billion. Prologis had a net margin of 45.51% and a return on equity of 7.28%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, equities research analysts forecast that Prologis will post 6.28 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.4%. Prologis’s dividend payout ratio is presently 94.48%.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Seeking Alpha upgraded Prologis, arguing that the sell-off created a buying opportunity. The bullish case is supported by the company’s strong logistics real-estate position and the potential for valuation recovery. Prologis: The Sell-Off Created A Buying Opportunity
• Positive Sentiment: Freedom Broker raised PLD to “Buy” based on valuation, adding to the positive analyst momentum and reinforcing the view that the recent decline has made the shares more attractive. Freedom Broker Upgrades ProLogis
• Positive Sentiment: Scotiabank established a $150 price target for Prologis, implying meaningful upside from recent trading levels and providing another constructive valuation signal. Scotiabank Sets $150 Target for Prologis
• Neutral Sentiment: Analyst commentary covering Prologis and American Homes provides sector perspective, but the available report details do not indicate a new material change to PLD’s outlook. Analysts Offer Insights on Real Estate Companies
• Negative Sentiment: Robert W. Baird lowered its price target from $140 to $136 and retained a “Neutral” rating, signaling more cautious expectations even though the revised target still indicates potential upside. Baird Prologis Analyst Action

About Prologis

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.