Truist Financial Increases Prologis (NYSE:PLD) Price Target to $154.00

Key Points

• Truist raised its price target on Prologis to $154 (from $139) and maintained a "buy" rating, implying roughly a 7.9% upside from the current price.
• Analyst sentiment is broadly positive with 14 Buy and 7 Hold ratings and a consensus price target of $147.29, while Bank of America lifted its target to $162.
• Prologis beat Q1 estimates with $1.05 EPS (vs. $0.81 expected) and $2.30B revenue, set FY2026 EPS guidance of $6.07–$6.23, and has heavy institutional ownership (about 93.5%, including large stakes by Vanguard and Norges Bank).

Prologis (NYSE:PLD - Get Free Report) had its price target lifted by investment analysts at Truist Financial from $139.00 to $154.00 in a report issued on Friday,MarketScreener reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Truist Financial's target price indicates a potential upside of 7.91% from the stock's current price.

A number of other analysts have also recently weighed in on the company. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Argus increased their price objective on Prologis from $135.00 to $152.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Wall Street Zen raised Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, April 18th. Evercore set a $135.00 price objective on Prologis in a research report on Friday, April 17th. Finally, Bank of America increased their price objective on Prologis from $153.00 to $162.00 and gave the stock a "buy" rating in a research report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus price target of $147.29.

Prologis Stock Performance

NYSE:PLD traded up $0.37 during mid-day trading on Friday, reaching $142.71. 464,382 shares of the stock were exchanged, compared to its average volume of 3,541,154. The company has a 50 day simple moving average of $136.63 and a 200-day simple moving average of $130.48. The stock has a market capitalization of $133.04 billion, a P/E ratio of 35.91, a P/E/G ratio of 3.13 and a beta of 1.40. The company has a quick ratio of 0.58, a current ratio of 0.16 and a debt-to-equity ratio of 0.60. Prologis has a 1 year low of $100.22 and a 1 year high of $145.44.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.46% and a net margin of 41.54%.The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts anticipate that Prologis will post 6.15 earnings per share for the current fiscal year.

Institutional Trading of Prologis

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Prologis during the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. grew its position in Prologis by 999.3% during the fourth 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 buying an additional 10,207,267 shares during the period. Swedbank AB grew its position in Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust's stock worth $978,461,000 after buying an additional 2,038,329 shares during the period. Bessemer Group Inc. grew its position in Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust's stock worth $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. grew its position in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock worth $15,743,451,000 after buying an additional 1,258,407 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

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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