Scotiabank Issues Positive Forecast for Prologis (NYSE:PLD) Stock Price

Prologis (NYSE:PLD) had its price objective increased by Scotiabank from $146.00 to $154.00 in a report issued on Tuesday morning, MarketBeat.com reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday. Evercore set a $135.00 target price on shares of Prologis in a report on Friday. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group reduced their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Citigroup initiated coverage on shares of Prologis in a report on Thursday, March 5th. They issued a “buy” rating and a $145.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.55.

Prologis Stock Down 2.0%

Shares of PLD stock opened at $142.17 on Tuesday. The stock has a market cap of $132.53 billion, a P/E ratio of 35.81, a PEG ratio of 3.41 and a beta of 1.40. Prologis has a 52 week low of $98.77 and a 52 week high of $145.44. The company has a quick ratio of 0.58, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $136.48 and its two-hundred day simple moving average is $130.32.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $1.43 EPS. The business’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. Analysts predict that Prologis will post 6.14 EPS for the current fiscal year.

Prologis Increases Dividend

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

Hedge Funds Weigh In On Prologis

Hedge funds have recently added to or reduced their stakes in the company. Clayton Financial Group LLC bought a new position in Prologis during the 3rd quarter valued at about $26,000. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter valued at about $26,000. Eagle Bay Advisors LLC bought a new position in Prologis during the 4th quarter valued at about $27,000. Finally, SouthState Bank Corp grew its holdings in Prologis by 73.1% during the 4th 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 during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Multiple major brokers raised price targets and reiterated bullish ratings (Citi to $165 “Buy”; JPMorgan to $157 “Overweight”; Bank of America to $162 “Buy”; Scotiabank to $154 “Sector Outperform”), signaling strong sell‑side conviction that Prologis’ growth and cash flows justify higher valuations. Citi raises PT
• Positive Sentiment: Prologis reported a strong Q1 beat and raised its earnings outlook, supporting analyst upgrades and buy-side conviction that fundamentals (rent growth, development pipeline) remain intact. Q1 beat & guidance
• Positive Sentiment: Strategic capital move: Prologis launched a multi‑billion euro pan‑European logistics JV with La Caisse and is onboarding global partners (including GIC), expanding its European footprint and capital‑efficient growth options. This strengthens platform scale and fee income potential. European JV
• Neutral Sentiment: Media pieces label PLD a strong momentum/Wall‑Street favorite and show it outperforming some peers year‑to‑date — useful context for momentum traders but not new fundamental data. Momentum article
• Negative Sentiment: Valuation and profit‑taking risks: several analysts’ raises may already be priced in after the run; PLD trades at a rich multiple vs. historical averages, leaving it vulnerable to short‑term pullbacks if macro or rate sentiment shifts. Valuation caution

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.