Prologis (NYSE:PLD) Stock Gets Price Target Trim from Robert W. Baird

Prologis (NYSE:PLD) had its price target reduced by Robert W. Baird from $140.00 to $136.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Robert W. Baird’s target price suggests a potential upside of 9.60% from the stock’s previous close.

A number of other analysts also recently weighed in on PLD. Williams Trading set a $150.00 target price on Prologis in a research report on Friday. Truist Financial increased their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Barclays increased their price target 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. Finally, Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.29.

Prologis Trading Down 1.3%

Shares of PLD stock opened at $124.08 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.34 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $135.36 and a two-hundred day moving average price of $139.86. Prologis has a 12-month low of $121.40 and a 12-month high of $153.35. The firm has a market cap of $115.78 billion, a P/E ratio of 27.39 and a beta of 1.31.

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

Institutional Investors Weigh In On Prologis

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Prologis during the second quarter worth about $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Prologis by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock valued at $1,998,709,000 after purchasing an additional 618,467 shares during the period. Dimensional Fund Advisors LP raised its position in Prologis by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock valued at $1,528,636,000 after purchasing an additional 110,681 shares during the last quarter. Legal & General Group Plc bought a new position in Prologis during the 2nd quarter valued at approximately $1,473,965,000. Finally, Bank of America Corp DE purchased a new stake in Prologis in the 2nd quarter worth approximately $1,427,256,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Company Profile

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.