Prologis (NYSE:PLD) Price Target Raised to $162.00 at Bank of America

Prologis (NYSE:PLD) had its price target upped by Bank of America from $153.00 to $162.00 in a research note issued to investors on Monday,Benzinga reports. Bank of America currently has a buy rating on the real estate investment trust’s stock.

PLD has been the subject of a number of other reports. Barclays reiterated an “overweight” rating and issued a $139.00 target price on shares of Prologis in a research note on Tuesday, January 13th. Evercore set a $135.00 target price on shares of Prologis in a research note on Friday. Citigroup assumed coverage on shares of Prologis in a research note on Thursday, March 5th. They issued a “buy” rating and a $145.00 target price for the company. Freedom Capital cut shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Mizuho lifted their target price on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.47.

Prologis Stock Down 0.0%

PLD stock opened at $145.07 on Monday. The firm has a 50 day moving average of $136.44 and a 200 day moving average of $130.14. The stock has a market capitalization of $135.24 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 3.42 and a beta of 1.40. The company has a quick ratio of 0.58, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. Prologis has a 52 week low of $97.10 and a 52 week high of $145.44.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts forecast that Prologis will post 6.14 earnings per share for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s payout ratio is presently 107.81%.

Hedge Funds Weigh In On Prologis

Several institutional investors have recently made changes to their positions in the company. High Note Wealth LLC increased its holdings in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Dakota Community Bank & Trust NA increased its holdings in shares of Prologis by 3.4% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 79 shares in the last quarter. Dearborn Partners LLC increased its holdings in shares of Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares in the last quarter. Peddock Capital Advisors LLC increased its holdings in shares of Prologis by 3.1% during the 4th quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 80 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Prologis by 0.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Bank of America reiterated a Buy and raised its price target to $162, citing Prologis’ Q1 beat, expanding development pipeline, and upgraded earnings outlook — a meaningful upside to the current market level. Prologis: Strong Q1 Beat, Expanding Development Pipeline, and Upgraded Earnings Outlook Support Reiterated Buy Rating
• Positive Sentiment: The company’s earnings call was described as signaling a “confident growth path,” reinforcing management’s guidance and development prospects that underpin multiple analyst upgrades. Prologis Earnings Call Signals Confident Growth Path
• Positive Sentiment: Several outlets and analysts have lifted price targets (examples published include $161, $150–$152 and others), reflecting broad analyst reassessment after the quarter. These raises add upside momentum and validation from the sell-side. Prologis (NYSE:PLD) Price Target Raised to $161.00
• Neutral Sentiment: Coverage pieces asking whether PLD is “worth watching” provide market context but don’t change fundamentals; useful for sentiment/readers rather than immediate pricing moves. Is Prologis Stock Worth Watching Right Now
• Neutral Sentiment: Comparative analyses (e.g., vs. Highlands REIT) offer valuation perspective for investors considering alternatives but are less likely to move PLD alone. Financial Analysis: Prologis (NYSE:PLD) vs. Highlands REIT (OTCMKTS:HHDS)
• Negative Sentiment: Some analysts/commentary note that while results and outlook are solid, valuation may leave limited near-term upside — a caution that can cap the stock despite upgrades. Prologis: Solid Results And Outlook, But No Bargain

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.