Prologis (NYSE:PLD) Stock Rating Reaffirmed as “Buy” by BTIG Research

Prologis (NYSE:PLD)‘s stock had its “buy” rating reiterated by BTIG Research in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $170.00 target price on the real estate investment trust’s stock. BTIG Research’s target price suggests a potential upside of 35.75% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. Weiss Ratings downgraded shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. BMO Capital Markets reduced their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.82.

Prologis Trading Down 1.3%

Shares of PLD traded down $1.71 during mid-day trading on Friday, reaching $125.23. The company had a trading volume of 3,171,000 shares, compared to its average volume of 3,784,688. The stock has a market cap of $116.85 billion, a price-to-earnings ratio of 27.94 and a beta of 1.31. The firm has a fifty day simple moving average of $135.94 and a 200-day simple moving average of $139.94. Prologis has a fifty-two week low of $121.17 and a fifty-two week high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.82. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $1.49 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, sell-side analysts anticipate that Prologis will post 6.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Prologis

Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Prologis during the second quarter worth about $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Prologis by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after purchasing an additional 618,467 shares during the period. Dimensional Fund Advisors LP increased its holdings in Prologis by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock worth $1,528,636,000 after purchasing an additional 110,681 shares during the period. Legal & General Group Plc purchased a new stake in Prologis during the 2nd quarter worth about $1,473,965,000. Finally, Bank of America Corp DE purchased a new stake in Prologis during the 2nd quarter worth about $1,427,256,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported third-quarter core FFO of $1.60 per share, ahead of the roughly $1.58 consensus, while revenue increased 7.8% year over year to $2.39 billion. Occupancy remained high at 95.4%, and net effective rent change reached 38%. Prologis Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 same-store growth outlook and continued to see strong demand from e-commerce and data-center-related customers. Development starts totaled approximately $1.0 billion, supporting the company’s external growth pipeline. PLD Q3 Earnings Call Highlights
• Positive Sentiment: BTIG reaffirmed its Buy rating and maintained a $170 price target, arguing that the selloff creates an attractive entry point. The analyst cited Prologis’ strong funds-from-operations profile, capital flexibility and long-term growth opportunities. Prologis Analyst Touts Ample Defenses
• Neutral Sentiment: Replacement-cost rents are estimated to be 27% above current logistics-market rents, indicating meaningful embedded rent upside. However, data-center supply-chain tenants represented 17% of U.S. leasing, increasing investor focus on sector concentration and demand durability. Prologis Three Key Takeaways
• Negative Sentiment: The company narrowed its 2026 outlook to approximately $6.25–$6.29 in EPS, while commentary highlighted volatile interest rates, pressure on development returns and a large 5.8-gigawatt data-center pipeline. These risks tempered the earnings beat and are the primary reasons PLD has decreased. Prologis Cuts 2026 Guidance

About Prologis

Prologis, Inc (NYSE: PLD) is a global logistics real estate company that owns, develops, acquires and manages distribution facilities, warehouses and other properties used throughout the supply chain. Its portfolio serves manufacturers, retailers, transportation providers and third-party logistics companies.

The company provides logistics real estate and related services in key markets across North America, Europe, Asia and Latin America. Its properties are generally located near major population centers, transportation hubs, ports and trade corridors, supporting e-commerce, industrial and distribution operations.

Prologis traces its roots to 1983 and was created in its current form through the 1999 merger of ProLogis and Security Capital Industrial Trust.