Prologis (NYSE:PLD) Price Target Raised to $154.00

Prologis (NYSE:PLD) had its target price upped by Scotiabank from $146.00 to $154.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has a sector outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on PLD. Royal Bank Of Canada increased their price objective on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Weiss Ratings cut shares of Prologis from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. UBS Group increased their price objective on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, April 17th. BNP Paribas Exane increased their price objective on shares of Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $146.57.

Prologis Price Performance

NYSE:PLD opened at $142.40 on Tuesday. The stock has a market cap of $132.75 billion, a P/E ratio of 35.87, a PEG ratio of 3.13 and a beta of 1.40. Prologis has a one year low of $100.22 and a one year high of $145.44. The company has a fifty day moving average price of $136.63 and a 200 day moving average price of $130.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.58.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis will post 6.15 earnings per share for the current year.

Prologis Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is currently 107.81%.

Institutional Investors Weigh In On Prologis

Several large investors have recently made changes to their positions in PLD. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings 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 purchasing an additional 3,350 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Prologis in the 2nd quarter worth about $422,000. NewEdge Advisors LLC grew its holdings in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after purchasing an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Major bank upgrade activity: Bank of America raised its price target to $162, signaling stronger upside for PLD on continued demand for logistics real estate. Read More.
• Positive Sentiment: DA Davidson bumped its target to $160 and kept a buy stance, reinforcing analyst conviction in Prologis’ growth and cash-flow trajectory. Read More.
• Positive Sentiment: JPMorgan raised its price target to $157, another institutional vote of confidence that supports upside expectations for PLD. Read More.
• Positive Sentiment: Scotiabank increased its target to $154, adding to the cluster of analyst upgrades that help lift investor sentiment. Read More.
• Positive Sentiment: Mizuho raised its target to $150 and maintained an outperform rating, reinforcing consensus momentum among brokers. Read More.
• Positive Sentiment: Jefferies reiterated its buy rating on Prologis, keeping institutional support steady. Read More.
• Positive Sentiment: Analyst consensus remains overweight/moderate-buy, reflecting broad-based expectations for continued earnings power and cash flow. Read More.
• Positive Sentiment: Company Q1 investor presentation reiterated strong Q1 results, solid leasing trends and FY guidance, supporting the fundamental case for PLD. Read More.
• Neutral Sentiment: Prologis priced a $1.25 billion senior unsecured notes offering (various maturities). This raises liquidity but increases debt; investors will watch use of proceeds and interest costs for impact on leverage. Read More.
• Neutral Sentiment: Sector note — Crown Castle (CCI) reported Q1 AFFO and revenue beats, indicating resilience in the broader towers/communications & logistics REIT complex, which can be a modest tailwind for PLD sentiment. Read More.

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.