BMO Capital Reiterates Buy Rating on Prologis, Inc.
BMO Capital maintains its buy rating on Prologis, Inc. with a $158 price target, a 16.63% upside from the current price.
Key Points
- BMO Capital reiterated its buy rating on Prologis, Inc. (NYSE: PLD) with a price target of $158 on June 29, 2026.
- BMO Capital's $158 price target implies 16.63% upside from Prologis, Inc.'s ($PLD) current $135.47 share price.
- Prologis, Inc. shares traded at approximately $139.97 on Monday, with a market cap of $130.5 billion and a P/E ratio of 35.17.
- Notable insider transactions included CFO Timothy Arndt's planned sale of 3,597 shares on June 15, 2026.
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BMO Capital reiterated its buy rating on Prologis, Inc. (NYSE: PLD) on June 29, 2026, maintaining a price target of $158. This reflects continued confidence in the real estate investment trust, which specializes in industrial properties.
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Prologis, Inc. Stock Down 3.7%
Shares of NYSE:PLD traded around $139.97 on Monday. Prologis boasts a market cap of $130.5 billion, with a P/E ratio of 35.17 and a forward P/E of 41.29. The stock has seen a 52-week range between $103.41 and $150.18. It has a 50-day moving average of $143.12 and a 200-day moving average of $131.77. The company's current ratio stands at 0.53, while its quick ratio is 0.32, and it has a debt-to-equity ratio of 60.93.
$PLD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its latest earnings, Prologis reported revenue of $9.38 billion, showing a growth of 8.3%. The company's net margin was 39.6%, with a return on equity of 6.84%. Earnings per share came in at $3.98. The next earnings release is anticipated on July 16, 2026.
Dividend
Prologis offers an annual dividend rate of $4.28, yielding 3.06%. The dividend payout ratio is 103.02%, indicating the company returns more than its net earnings to shareholders.
Insider Buying and Selling at Prologis, Inc.
Recent insider activity at Prologis included a planned sale by Chief Financial Officer Timothy Arndt, who sold 3,597 shares at an average price of $150 on June 15, 2026. CEO Daniel Letter also sold 50,000 shares at a nominal price on May 29, 2026. Additionally, several insiders, including Olivier Piani and Lydia Kennard, engaged in buying and selling transactions on April 28, 2026.
Analysts Set New Price Targets
On June 29, 2026, BMO Capital maintained its buy rating for Prologis, setting a price target of $158. Other notable analysts include Wells Fargo, which also maintained a buy rating with a target of $167 on June 1, 2026, and Morgan Stanley, which kept a hold rating with a $151 target on May 27, 2026. The consensus among analysts is a buy recommendation, with an average target price of $153 based on 16 opinions.
About Prologis, Inc.
Prologis, Inc. is a leading real estate investment trust (REIT) focused on industrial properties. Headquartered in San Francisco, the company operates globally, owning and managing a vast portfolio of logistics facilities. Under the leadership of CEO Daniel Stephen Letter, Prologis serves a diverse range of customers, including manufacturers, retailers, and logistics providers. With approximately 2,802 employees, the company continues to expand its reach in the industrial real estate sector.
Bottom Line
Prologis, Inc. remains a focal point for investors due to its substantial presence in the industrial real estate market. The reiteration of a buy rating by BMO Capital, along with a solid price target, highlights the positive sentiment surrounding the company. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not reflect the most current conditions. Investors should consider these factors when evaluating their positions.
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