Prologis (NYSE:PLD) Earns Buy Rating from Analysts at Citigroup

Key Points

• Citigroup initiated coverage on Prologis with a Buy rating and a $145 price target, implying roughly a 5.3% upside from the prior close.
• Prologis beat revenue estimates last quarter ($2.25B vs. $2.09B), reported EPS of $1.44 in line with expectations, set FY2026 guidance of 6.000–6.200 EPS, and holds a MarketBeat consensus of "Moderate Buy" with an average target of $137.20.

Citigroup began coverage on shares of Prologis (NYSE:PLD - Get Free Report) in a research note issued on Thursday. The brokerage set a "buy" rating and a $145.00 price target on the real estate investment trust's stock. Citigroup's price objective suggests a potential upside of 5.28% from the company's previous close.

PLD has been the subject of several other reports. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, December 31st. BMO Capital Markets reiterated a "market perform" rating and set a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Freedom Capital lowered Prologis from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Finally, Barclays reaffirmed an "overweight" rating and set a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target of $137.20.

Prologis Price Performance

Shares of Prologis stock traded down $1.69 during midday trading on Thursday, hitting $137.73. 4,350,775 shares of the company were exchanged, compared to its average volume of 3,498,907. The firm has a 50 day simple moving average of $133.67 and a 200-day simple moving average of $125.06. Prologis has a 52 week low of $85.35 and a 52 week high of $143.95. The firm has a market cap of $128.03 billion, a P/E ratio of 38.80, a PEG ratio of 3.49 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts' consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts forecast that Prologis will post 5.73 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Prologis by 45.4% during 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 acquiring an additional 3,350 shares in the last quarter. NewSquare Capital LLC increased its stake in Prologis by 49.5% in the second quarter. NewSquare Capital LLC now owns 607 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 201 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Prologis by 1,076.9% in the second quarter. Atlantic Union Bankshares Corp now owns 21,655 shares of the real estate investment trust's stock valued at $2,276,000 after acquiring an additional 19,815 shares during the last quarter. Finally, Black Swift Group LLC raised its position in Prologis by 1.5% during the second quarter. Black Swift Group LLC now owns 9,935 shares of the real estate investment trust's stock valued at $1,044,000 after purchasing an additional 145 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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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