Prologis (NYSE:PLD) Price Target Raised to $162.00 at Truist Financial

Prologis (NYSE:PLD) had its price objective raised by Truist Financial from $154.00 to $162.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other analysts also recently commented on PLD. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. BTIG Research lifted their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Robert W. Baird lifted their price objective on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Mizuho increased their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James Financial initiated coverage on Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $153.62.

Prologis Trading Up 1.6%

NYSE:PLD opened at $149.90 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market cap of $139.75 billion, a P/E ratio of 33.38 and a beta of 1.32. The firm’s fifty day moving average is $143.32 and its 200-day moving average is $138.25. Prologis has a 52 week low of $103.41 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 business’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 analysts expect that Prologis will post 6.27 earnings per share for the current year.

Prologis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $1.07 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.9%. Prologis’s dividend payout ratio is presently 95.32%.

Insider Activity at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the 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 through this link. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. High Point Wealth Management LLC bought a new stake in Prologis during the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the 4th quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis in the fourth quarter worth about $27,000. SouthState Bank Corp boosted its position in shares of 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 acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis during the fourth quarter valued at $29,000. 93.50% of the stock is currently owned by institutional investors.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Barclays initiated/maintained a bullish stance on Prologis, and Truist Financial raised its price target to $162 from $154 while reiterating a buy rating, signaling confidence in further upside. Benzinga article
• Positive Sentiment: Articles highlighted strong warehouse leasing activity and momentum in Prologis’s core logistics real estate business, reinforcing the view that operating fundamentals remain solid. Article on warehouse leasing
• Positive Sentiment: Investor commentary and market coverage framed Prologis as a momentum and growth name, which can attract additional buyers in a strong trading session. Zacks article
• Neutral Sentiment: Prologis remained in the headlines for its attempt to acquire SEGRO, with Norges Bank saying the merger rationale deserves consideration, but the deal remains uncertain and has been repeatedly rejected. WSJ article
• Negative Sentiment: SEGRO rejected Prologis’s revised takeover proposal, underscoring execution risk and suggesting the acquisition may not happen, which can weigh on sentiment around the deal strategy. Reuters article

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.