Prologis (NYSE:PLD) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Prologis from a "hold" to a "sell" rating in a research note issued Sunday.
• Prologis beat Q1 expectations with $1.05 EPS (vs. $0.81 consensus) and $2.30 billion revenue, and set FY2026 guidance of 6.070–6.230 EPS.
• Despite the downgrade, analyst sentiment remains largely positive — 14 Buys vs. 7 Holds, an average rating of "Moderate Buy" and an average price target of $147.29, with several firms raising targets into the $150s.

Prologis (NYSE:PLD - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

PLD has been the subject of several other reports. BNP Paribas Exane raised their price objective on shares of Prologis from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, April 17th. Argus lifted their price target on shares of Prologis from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Citigroup lifted their price target on shares of Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Mizuho lifted their price target on shares of Prologis from $143.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $147.29.

Prologis Trading Down 0.1%

Shares of PLD stock opened at $142.15 on Friday. The firm has a 50 day moving average price of $136.70 and a two-hundred day moving average price of $130.76. The company has a quick ratio of 0.58, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $132.52 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40. Prologis has a 12-month low of $100.22 and a 12-month high of $145.44.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.46%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts predict that Prologis will post 6.16 earnings per share for the current year.

Institutional Trading of Prologis

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Prologis during the fourth quarter valued at about $1,589,125,000. Cardano Risk Management B.V. lifted its holdings in shares of Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust's stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. Swedbank AB lifted its holdings in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust's stock valued at $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust's stock valued at $203,741,000 after purchasing an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock valued at $15,743,451,000 after buying an additional 1,258,407 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Key Stories Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Multiple sell‑side firms raised price targets and reiterated buy views, signaling analyst conviction in upside (Truist to $154, Scotiabank to $154, JPMorgan to $157, Citigroup bullish, and another $160 target report). These upgrades tend to support buying interest and higher upside expectations. Truist Securities adjusts price target on Prologis to $154 from $139; maintains Buy rating Prologis NYSE: PLD Price Target Raised to $160.00 Scotiabank Raises Prologis Price Target to $154.00 JPMorgan Increases Prologis Price Target to $157.00 Citigroup Forecasts Strong Price Appreciation for Prologis
• Positive Sentiment: Company Q1 results and investor presentation underline solid fundamentals (revenue and AFFO/earnings beats and FY guidance), which supports the analyst optimism and medium‑term growth thesis for the logistics REIT space. Prologis, Inc. 2026 Q1 - Results - Earnings Call Presentation
• Neutral Sentiment: Prologis priced a $1.25 billion senior unsecured notes offering (split across maturities). Debt issuance can be neutral—providing liquidity for development/refinancing at attractive rates but also modestly increasing leverage metrics. Monitor use of proceeds and impact on leverage. Prologis Prices $1.25 Billion Senior Notes Offering
• Neutral Sentiment: Sector peer Crown Castle reported resilient Q1 AFFO and revenue despite headwinds, underscoring mixed but stable leasing trends across property sectors; this is a sector backdrop item rather than company‑specific news for Prologis. Crown Castle Q1 AFFO & Sales Beat Estimates Despite DISH Headwinds

Prologis Company Profile

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.

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