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

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

Other equities analysts also recently issued reports about the stock. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. UBS Group upped their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. BTIG Research reaffirmed a “buy” rating and set a $155.00 price objective on shares of Prologis in a research note on Wednesday, April 15th. Argus increased their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Mizuho increased their price target 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. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.57.

Prologis Stock Performance

NYSE PLD opened at $141.70 on Monday. The company has a 50-day simple moving average of $136.52 and a two-hundred day simple moving average of $130.40. 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 12-month low of $100.22 and a 12-month high of $145.44. The firm has a market cap of $132.10 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 3.14 and a beta of 1.40.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities analysts forecast that Prologis will post 6.15 EPS for the current year.

Prologis Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, March 17th. Prologis’s dividend payout ratio is currently 107.81%.

Institutional Investors Weigh In On Prologis

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clayton Financial Group LLC purchased a new stake in shares of Prologis during the third quarter valued at approximately $26,000. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis during the fourth quarter valued at approximately $27,000. Finally, SouthState Bank Corp grew its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Multiple brokerages raised price targets and/or reiterated buy/outperform ratings — notable lifts include Citigroup to $165 (buy), JPMorgan to $157 (overweight), DA Davidson to $160 (buy), Bank of America to $162, Mizuho to $150 (outperform), and Scotiabank to $154 (sector outperform). These upgrades/raises increase upside expectations for PLD and support upside for the stock. DA Davidson Raises PT to $160 Mizuho Raises PT to $150 JPMorgan Raises PT to $157 Citigroup Raises PT to $165
• Positive Sentiment: Jefferies reaffirmed its buy rating on Prologis, maintaining sell?side support that can sustain investor confidence. Jefferies Sticks to Buy
• Positive Sentiment: Prologis announced a multi?billion euro pan?European logistics joint venture with La Caisse and other global partners (including GIC) to expand its European platform — a strategic capital partnership that directly grows Prologis’ core logistics footprint and fee?related earnings potential. Prologis Expands European Platform
• Neutral Sentiment: Analyst consensus remains constructive (consensus “Moderate Buy”), reinforcing the overall positive sell?side bias but offering limited new informational upside. Consensus Rating Moderate Buy
• Neutral Sentiment: Several market pieces highlight PLD as a momentum/outperformance candidate and review its sector standing — useful for sentiment and flows but largely reiterative of existing fundamentals and analyst views. Momentum Coverage Zacks Momentum Piece

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.