Prologis (NYSE:PLD) Stock Rating Upgraded by BMO Capital Markets

Prologis (NYSE:PLD) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a $162.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $137.00. BMO Capital Markets’ price target suggests a potential upside of 12.53% from the company’s previous close.

Several other research firms have also recently weighed in on PLD. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Barclays reiterated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Truist Financial lifted their price objective on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Argus lifted their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Morgan Stanley set a $135.00 target price on shares of Prologis in a research note on Friday, January 16th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.76.

Prologis Trading Up 1.2%

NYSE PLD opened at $143.97 on Thursday. Prologis has a twelve month low of $103.02 and a twelve month high of $145.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock 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 firm’s 50 day moving average price is $136.83 and its two-hundred day moving average price is $132.04.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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 net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the company posted $1.43 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis will post 6.17 EPS for the current year.

Institutional Investors Weigh In On Prologis

Institutional investors have recently modified their holdings of the stock. Nvwm LLC lifted its stake in shares of Prologis by 6,069.7% in the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares during the last quarter. Foresight Group Ltd Liability Partnership lifted its stake in shares of Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after purchasing an additional 31,567 shares during the last quarter. National Pension Service lifted its position in Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after acquiring an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after acquiring an additional 126,613 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Prologis by 10.0% during the 3rd quarter. Assetmark Inc. now owns 79,350 shares of the real estate investment trust’s stock worth $9,087,000 after acquiring an additional 7,217 shares during the last quarter. 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.