Prologis Inc. (NYSE:PLD) reported weak revenue for its fourth quarter on Wednesday.
Rental and other revenue came in at $2.10 billion, falling short of the analyst consensus estimate of $2.148 billion.
Core funds from operations (FFO) declined to $1.44 from $1.50 in the prior-year quarter, in line with analyst expectations. Earnings per share improved to $1.49, compared with $1.37 a year ago.
For fiscal 2026, Prologis guided for core FFO in the range of $6.00 to $6.20, compared with the consensus estimate of $6.13. The company also expects Prologis Share Average Occupancy to range between 94.75% and 95.75%.
Prologis shares fell 1.8% to trade at $128.79 on Thursday.
These analysts made changes to their price targets on Prologis following earnings announcement.
- Argus Research analyst Marie Ferguson maintained Prologis with a Buy and raised the price target from $128 to $135.
- UBS analyst Michael Goldsmith maintained the stock with a Buy and raised the price target from $144 to $148.
- Evercore ISI Group analyst Steve Sakwa maintained the stock with an In-Line rating and raised the price target from $118 to $121.
Considering buying PLD stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments