Prologis (NYSE:PLD) Given New $136.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird lowered Prologis’ price target from $140 to $136 while maintaining a “neutral” rating, implying 9.6% potential upside from the prior close.
• Analyst sentiment remains broadly positive: 17 analysts rate the stock a Buy and seven rate it a Hold, producing a “Moderate Buy” consensus and an average target of $155.29.
• Prologis reported strong quarterly results, with $1.60 in EPS versus the $0.78 consensus estimate and $2.39 billion in revenue, up 7.8% year over year; institutional investors own 93.5% of the stock.

Prologis (NYSE:PLD - Get Free Report) had its price objective decreased by Robert W. Baird from $140.00 to $136.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Robert W. Baird's price target would indicate a potential upside of 9.60% from the company's previous close.

A number of other equities research analysts have also commented on the company. Truist Financial increased their price target on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. KeyCorp reiterated a "sector weight" rating on shares of Prologis in a research note on Monday. Scotiabank upgraded shares of Prologis from a "sector perform" rating to a "sector outperform" rating and set a $150.00 target price for the company in a report on Tuesday, October 13th. Finally, Barclays raised 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. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average target price of $155.29.

Prologis Stock Performance

Shares of Prologis stock opened at $124.08 on Tuesday. The company has a market cap of $115.78 billion, a PE ratio of 27.39 and a beta of 1.31. Prologis has a 52 week low of $121.40 and a 52 week high of $153.35. The business has a 50 day moving average price of $135.36 and a 200-day moving average price of $139.86. The company has a quick ratio of 0.70, a current ratio of 0.34 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.82. The company 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%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.49 earnings per share. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. Equities analysts anticipate that Prologis will post 6.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Prologis

Several large investors have recently made changes to their positions in PLD. BlackRock Inc. bought a new position in shares of Prologis in the second quarter worth approximately $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Prologis by 4.4% during the second 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 last quarter. Dimensional Fund Advisors LP lifted its position in Prologis by 1.0% during the first 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 purchased a new position in Prologis in the 2nd quarter worth approximately $1,473,965,000. Finally, Bank of America Corp DE purchased a new position in Prologis in the 2nd quarter worth approximately $1,427,256,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

About Prologis

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.

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