Mizuho Increases Prologis (NYSE:PLD) Price Target to $143.00

Prologis (NYSE:PLD) had its target price raised by analysts at Mizuho from $138.00 to $143.00 in a report issued on Monday, MarketBeat.com reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price points to a potential upside of 11.10% from the company’s current price.

Several other research firms also recently weighed in on PLD. Truist Financial raised their target price on shares of Prologis from $131.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wells Fargo & Company increased their price target on shares of Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Morgan Stanley set a $135.00 target price on Prologis in a research note on Friday, January 16th. Finally, Industrial Alliance Securities set a $119.00 price target on Prologis in a research report on Monday, October 20th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.22.

Prologis Trading Up 1.8%

Shares of Prologis stock opened at $128.71 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $119.55 billion, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 3.69 and a beta of 1.40. Prologis has a 52-week low of $85.35 and a 52-week high of $134.94. The company’s 50-day simple moving average is $128.54 and its 200-day simple moving average is $119.62.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $1.42 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Prologis will post 5.73 earnings per share for the current year.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Prologis

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLD. Vanguard Group Inc. increased its position in Prologis by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 122,064,883 shares of the real estate investment trust’s stock worth $13,978,870,000 after purchasing an additional 323,551 shares in the last quarter. State Street Corp grew its stake in Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after buying an additional 1,088,544 shares during the period. Geode Capital Management LLC increased its position in shares of Prologis by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock worth $2,345,922,000 after acquiring an additional 310,333 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after acquiring an additional 253,338 shares during the period. Finally, Norges Bank purchased a new position in shares of Prologis in the 2nd quarter valued at $1,288,936,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.