Truist Financial Issues Pessimistic Forecast for Prologis (NYSE:PLD) Stock Price

Prologis (NYSE:PLD) had its target price reduced by stock analysts at Truist Financial from $142.00 to $139.00 in a report released on Monday, MarketBeat reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 7.99% from the stock’s previous close.

A number of other research analysts also recently commented on PLD. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. BTIG Research raised their price objective on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Citigroup restated a “buy” rating on shares of Prologis in a research report on Monday. Evercore ISI raised their target price on shares of Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Finally, Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average price target of $134.22.

Prologis Stock Up 1.8%

PLD stock opened at $128.71 on Monday. The company has a 50 day moving average price of $128.54 and a two-hundred day moving average price of $119.62. Prologis has a one year low of $85.35 and a one year high of $134.94. The stock has a market capitalization of $119.55 billion, a P/E ratio of 37.52, a PEG ratio of 3.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the company earned $1.42 EPS. The business’s quarterly 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, sell-side analysts expect that Prologis will post 5.73 EPS for the current year.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Clayton Financial Group LLC bought a new position in shares of Prologis in the third quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $27,000. True Wealth Design LLC lifted its holdings in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 122 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Prologis during the third quarter worth $36,000. Finally, Rossby Financial LCC grew its holdings in shares of Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.