Prologis (NYSE:PLD) Upgraded at Freedom Broker

Freedom Broker upgraded shares of Prologis (NYSE:PLD – Free Report) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks reports.

Several other research firms have also commented on PLD. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research report on Tuesday, October 13th. Mizuho raised their price objective on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. UBS Group set a $150.00 target price on shares of Prologis in a report on Friday, October 16th. Finally, Wells Fargo & Company decreased their target price on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $155.64.

View Our Latest Stock Analysis on PLD

Prologis Stock Up 0.1%

Shares of PLD opened at $127.61 on Monday. Prologis has a 52 week low of $121.40 and a 52 week high of $153.35. 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 company has a market capitalization of $119.07 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 1.45 and a beta of 1.31. The stock’s 50-day moving average price is $134.85 and its 200-day moving average price is $139.78.

Prologis (NYSE:PLD – Get Free Report) last posted its earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $0.78 by $0.82. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.18 billion. Prologis had a return on equity of 7.28% and a net margin of 45.51%. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, sell-side analysts predict that Prologis will post 6.28 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.4%. Prologis’s dividend payout ratio (DPR) is 94.48%.

Hedge Funds Weigh In On Prologis

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Prologis in the 2nd quarter worth about $14,006,587,000. Legal & General Group Plc purchased a new position in Prologis during the second quarter worth approximately $1,473,965,000. Bank of America Corp DE purchased a new position in Prologis during the second quarter worth approximately $1,427,256,000. Deutsche Bank AG acquired a new stake in Prologis in the second quarter valued at approximately $968,959,000. Finally, Bank of New York Mellon Corp acquired a new stake in Prologis in the second quarter valued at approximately $742,843,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

  • Positive Sentiment: Continued demand for warehouses and data centers is keeping Prologis in focus. The company’s large logistics portfolio could benefit from e-commerce, supply-chain investment and data-center expansion. Can Warehouse and Data-Center Demand Keep Prologis in Focus?
  • Positive Sentiment: Several analysts remain constructive: Scotiabank set a $150 price target, Freedom Broker upgraded Prologis to Buy, and a Seeking Alpha contributor upgraded the stock after viewing its sell-off as a buying opportunity. Scotiabank Price Target Freedom Broker Upgrade Prologis Buying Opportunity Upgrade
  • Neutral Sentiment: SEGRO reported 32% growth in newly contracted headline rent and said Prologis’s takeover is expected to close in the first half of 2027. Strong leasing supports the strategic rationale, while completion timing leaves integration and execution risks. SEGRO Rent Growth and Takeover Update
  • Neutral Sentiment: Robert W. Baird reduced its price target from $140 to $136 while maintaining a Neutral rating. The revised target still implies upside from recent trading levels. Baird Prologis Price Target
  • Negative Sentiment: An analyst fair-value estimate was trimmed as analysts revised growth and cost assumptions, signaling less near-term valuation upside despite the company’s long-term demand prospects. Prologis Fair Value Trim

Prologis Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.