Prologis (NYSE:PLD) Given New $139.00 Price Target at Truist Financial

Prologis (NYSE:PLD) had its price objective cut by Truist Financial from $142.00 to $139.00 in a report published on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $135.00 target price on shares of Prologis in a research note on Friday, January 16th. Barclays reiterated an “overweight” rating and set a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Robert W. Baird restated a “neutral” rating and issued a $130.00 price target (up previously from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Finally, Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.22.

Prologis Stock Down 0.5%

Prologis stock opened at $126.50 on Monday. Prologis has a fifty-two week low of $85.35 and a fifty-two week high of $134.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The firm has a 50 day moving average price of $128.44 and a 200 day moving average price of $119.48. The company has a market capitalization of $117.50 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business posted $1.42 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Prologis will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Prologis

Hedge funds have recently added to or reduced their stakes in the stock. Clayton Financial Group LLC acquired a new stake in Prologis during the 3rd quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis during the fourth quarter worth about $27,000. True Wealth Design LLC increased its position in shares of Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 122 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Prologis during the third quarter worth about $36,000. Finally, Rossby Financial LCC lifted its holdings in shares of Prologis by 69.6% in the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 135 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

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.