Wells Fargo & Company Raises Prologis (NYSE:PLD) Price Target to $167.00

Prologis (NYSE:PLD) had its price objective raised by investment analysts at Wells Fargo & Company from $155.00 to $167.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 18.32% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada increased their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $151.86.

Prologis Stock Performance

Shares of NYSE:PLD traded down $2.32 on Monday, reaching $141.15. 236,066 shares of the company’s stock were exchanged, compared to its average volume of 3,455,958. The firm has a market capitalization of $131.60 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 3.16 and a beta of 1.32. Prologis has a fifty-two week low of $103.41 and a fifty-two week high of $147.93. The business’s 50-day moving average is $139.20 and its two-hundred day moving average is $134.17. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the business posted $1.43 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts forecast that Prologis will post 6.18 EPS for the current year.

Institutional Investors Weigh In On Prologis

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

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.