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

Prologis (NYSE:PLD) had its price target hoisted by equities researchers at Truist Financial from $154.00 to $162.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective would indicate a potential upside of 11.98% from the company’s previous close.

PLD has been the topic of a number of other reports. Barclays boosted their price objective on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Argus boosted their price target on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company upped their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. increased their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Fifteen 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, the company currently has an average rating of “Moderate Buy” and an average price target of $153.62.

Prologis Stock Down 3.5%

NYSE:PLD opened at $144.67 on Tuesday. The business’s fifty day moving average price is $143.37 and its 200 day moving average price is $138.37. The firm has a market capitalization of $134.88 billion, a price-to-earnings ratio of 32.22 and a beta of 1.32. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. Prologis has a 1-year low of $103.41 and a 1-year high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, sell-side analysts forecast that Prologis will post 6.27 earnings per share for the current fiscal year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Prologis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nvwm LLC increased its stake in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after acquiring an additional 15,235 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new position in Prologis in the 4th quarter valued at approximately $2,581,000. Avanza Fonder AB lifted its position in shares of Prologis by 8.4% in the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after acquiring an additional 5,508 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares during the period. Finally, Prime Capital Investment Advisors LLC lifted its position in shares of Prologis by 98.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock worth $3,043,000 after acquiring an additional 11,846 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Barclays reiterated a buy rating on Prologis, and Truist raised its price target to $162 from $154, reinforcing the view that the stock still has upside after its recent run. Prologis (PLD) Gets a Buy from Barclays
• Positive Sentiment: Analysts and industry coverage pointed to accelerating warehouse leasing and AI-related demand helping Prologis expand, which supports the company’s long-term growth outlook. Prologis (NYSE:PLD) Turns AI Demand Into Expansion
• Positive Sentiment: Prologis reported stronger-than-expected quarterly earnings and revenue, which has also been cited as a catalyst for industrial REITs broadly and helps explain investor confidence in PLD. Prologis Earnings Drive Industrial REITs Higher
• Neutral Sentiment: Prologis is making a “best and final” takeover bid for UK warehouse landlord SEGRO, which could create strategic benefits if successful, but also adds execution and deal-risk uncertainty. Prologis Makes Final $18.7 Billion Bid to Take Over Segro
• Neutral Sentiment: Shareholder and analyst commentary around the SEGRO transaction suggests the market is still weighing the likelihood and terms of a deal, keeping attention on Prologis rather than changing fundamentals directly. Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Negative Sentiment: One market note argued PLD has run too far and may be above fair value after a large recent move, which could encourage profit-taking and limit near-term upside. Prologis (PLD) Stock Looks Above Fair Value As 42% Run Cools

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.