Prologis (NYSE:PLD) Coverage Initiated at Citigroup

Equities research analysts at Citigroup began coverage on shares of Prologis (NYSE:PLD) in a research note issued on Thursday. The firm set a “buy” rating and a $145.00 price target on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 7.87% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Mizuho lifted their target price on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. BNP Paribas Exane raised their price target on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Scotiabank raised Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Robert W. Baird reiterated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Finally, Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Prologis Stock Performance

NYSE PLD opened at $134.42 on Thursday. The company’s 50 day simple moving average is $133.95 and its two-hundred day simple moving average is $125.35. 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 has a 1 year low of $85.35 and a 1 year high of $143.95. The stock has a market capitalization of $124.95 billion, a PE ratio of 37.86, a P/E/G ratio of 3.41 and a beta of 1.41.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.44. The business 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts predict that Prologis will post 5.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Prologis

Several hedge funds and other institutional investors have recently modified their holdings of PLD. D.A. Davidson & CO. grew its holdings in shares of Prologis by 16.7% during the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after acquiring an additional 83,966 shares during the period. Foresight Group Ltd Liability Partnership raised its position 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 worth $5,109,000 after acquiring an additional 31,567 shares in the last quarter. National Pension Service lifted its stake in shares of Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after purchasing an additional 56,272 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its stake in Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock worth $11,488,000 after purchasing an additional 25,133 shares during the period. 93.50% of the stock is owned by institutional investors.

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.