Raymond James Rates Prologis (PLD) Outperform, $163 Price Target

On October 21, 2026, Raymond James raised its rating on Prologis, Inc. (NYSE:PLD) to Outperform, setting a price target of $163.00. The research note provides a fresh look at the industrial real estate investment trust as shares trade below consensus expectations.

PLD Prologis, Inc.

$127.47 ▲ +1.09% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Raymond James's Call on Prologis

In its research note published on October 21, 2026, Raymond James assigned an Outperform rating to Prologis and set a price target of $163.00. The firm's target sits well above recent trading levels, highlighting a notable gap between the analyst's valuation and the current market price.

Other Institutional Activity in Prologis

Large institutional funds have been actively adjusting their positions in Prologis ahead of the latest rating changes. Cohen & Steers Inc. reduced its holdings by 447,150 shares, ending the period with 22,841,902 shares valued at about $2.91 billion. Meanwhile, Apg Asset Management US Inc. kept its position steady at 19,286,830 shares worth roughly $2.46 billion.

Prologis, Inc. Stock Up 1.4%

Prologis shares recently traded around $125.86 on October 21, 2026, down about 1.3% from the prior day's close of $127.47. The stock is currently changing hands below its 50-day moving average of $135.16 and sits beneath the average analyst price target of $152.54.

Recent Earnings

Prologis reported trailing twelve-month revenue of $9.89 billion and earnings of $4.50 per share. The company posted a net profit margin of 43.1% and a return on equity of 7.7%, with its next earnings release scheduled for January 20, 2027.

Dividend

Prologis currently pays an annual dividend rate of $4.28 per share, translating to a dividend yield of 3.36%. The company's dividend payout ratio stands at 92.4%.

Insider Buying and Selling at Prologis, Inc.

Company insiders have executed several share sales over recent quarters. Director Cristina Gabriela Bita sold 621 shares at $127.60 on December 1, 2025, for a total of $79,240. Later, on January 28, 2026, Director Sarah Ann Slusser disposed of 111 shares valued at $12,631. Chief Financial Officer Timothy D. Arndt sold 3,597 shares at $150.00 on June 15, 2026, totaling $539,550. Additionally, Director Hamid R. Moghadam sold 50,000 shares at $149.91 on July 16, 2026, worth about $7.50 million.

Analysts Set New Price Targets

Wall Street firms have maintained active coverage on Prologis alongside Raymond James. Wells Fargo maintained its Overweight rating with a $166.00 target on September 1, 2026. Scotiabank upgraded the stock to Sector Outperform with a $150.00 target on October 13, 2026. BTIG reiterated its Buy rating at a $170.00 target on October 16, 2026, and Baird maintained a Neutral rating while lowering its target from $140.00 to $136.00 on October 20, 2026. Overall, the stock carries a consensus buy recommendation across 13 analyst opinions.

About Prologis

Prologis, Inc. is a San Francisco-based real estate investment trust specializing in industrial logistics infrastructure. The firm develops and manages facilities that support global supply chains and clean energy integration.

Bottom Line

Raymond James's Outperform rating places a high bar for Prologis shares as they trade below moving averages. Investors will look toward the upcoming earnings report on January 20, 2027, for further insight into the industrial real estate sector's momentum.