Prologis (NYSE:PLD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Prologis from a “sell” to a “hold” rating, adding to a broadly positive analyst backdrop for the stock.
• Recent analyst updates were mostly upbeat, with firms like Bank of America, Truist, and Scotiabank raising price targets and giving buy/outperform ratings. Overall, Prologis has 16 Buy ratings, 5 Hold ratings, and a Moderate Buy consensus with an average target of $149.76.
• Prologis reported strong Q1 earnings, beating estimates with $1.05 EPS versus $0.81 expected and revenue of $2.30 billion, up 6.9% year over year. The stock was trading near its 12-month high at $143.97, up 1.2% on the day.

Prologis (NYSE:PLD - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other research analysts also recently weighed in on the company. Bank of America boosted their target price on Prologis from $153.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Truist Financial boosted their target price on Prologis from $139.00 to $154.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. The Goldman Sachs Group restated a "neutral" rating and set a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. Scotiabank boosted their target price on Prologis from $146.00 to $154.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 21st. Finally, Evercore set a $135.00 price target on Prologis in a research note on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of "Moderate Buy" and an average price target of $149.76.

Prologis Trading Up 1.2%

PLD opened at $143.97 on Friday. The firm has a market cap of $134.23 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 3.13 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis has a 12 month low of $103.02 and a 12 month high of $145.44. The stock has a fifty day moving average price of $136.83 and a 200-day moving average price of $132.04.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities research analysts anticipate that Prologis will post 6.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Prologis

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

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.

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