Prologis (NYSE:PLD) Stock Rating Reaffirmed as Buy by BTIG Research

Prologis (NYSE:PLD)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a research report issued on Friday, Benzinga reports. They currently have a $170.00 target price on the real estate investment trust’s stock. BTIG Research‘s price objective suggests a potential upside of 33.44% from the company’s current price.

Other research analysts have also issued research reports about the company. Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird set a $140.00 target price on shares of Prologis in a research note on Friday, July 31st. Raymond James Financial assumed coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Scotiabank raised shares of Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Tuesday, October 13th. Finally, Wells Fargo & Company dropped their price target on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 1st. Eighteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.64.

Prologis Stock Up 2.7%

Shares of PLD stock opened at $127.40 on Friday. The firm’s fifty day moving average price is $135.12 and its two-hundred day moving average price is $139.82. The company has a current ratio of 0.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.61. Prologis has a 1 year low of $121.40 and a 1 year high of $153.35. The firm has a market capitalization of $118.87 billion, a P/E ratio of 28.12 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.82. Prologis had a return on equity of 7.28% and a net margin of 45.51%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company earned $1.49 EPS. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, equities analysts predict that Prologis will post 6.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Prologis

Several hedge funds have recently bought and sold shares of PLD. Family Wealth Partners LLC boosted its stake in shares of Prologis by 11.8% in the 3rd quarter. Family Wealth Partners LLC now owns 5,054 shares of the real estate investment trust’s stock worth $656,000 after buying an additional 534 shares during the last quarter. James Hambro & Partners LLP grew its position in shares of Prologis by 19.4% during the 3rd quarter. James Hambro & Partners LLP now owns 22,697 shares of the real estate investment trust’s stock valued at $2,948,000 after purchasing an additional 3,694 shares in the last quarter. Banque Pictet & Cie SA grew its position in Prologis by 1,132.3% during the third quarter. Banque Pictet & Cie SA now owns 29,699 shares of the real estate investment trust’s stock worth $3,856,000 after buying an additional 27,289 shares in the last quarter. James T. Borello RIA purchased a new stake in shares of Prologis in the 3rd quarter valued at about $40,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Prologis by 7.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 23,009 shares of the real estate investment trust’s stock valued at $2,987,000 after acquiring an additional 1,661 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

About Prologis

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.