Prologis (NYSE:PLD) Price Target Raised to $150.00

Prologis (NYSE:PLD) had its price objective hoisted by Scotiabank from $146.00 to $150.00 in a report released on Thursday morning, Marketbeat reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on PLD. DA Davidson raised their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Raymond James Financial began coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating on the stock. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada lifted their price objective on shares of Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 28th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.81.

Prologis Price Performance

Shares of NYSE:PLD opened at $147.43 on Thursday. Prologis has a 12 month low of $103.41 and a 12 month high of $153.35. The stock has a market cap of $137.45 billion, a price-to-earnings ratio of 32.84 and a beta of 1.32. The stock’s 50 day moving average price is $143.56 and its 200 day moving average price is $138.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.27 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $1.46 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis will post 6.28 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 95.32%.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently bought and sold shares of the business. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth approximately $27,000. SouthState Bank Corp grew its position in 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 Prologis during the fourth quarter valued at approximately $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

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.