Evercore ISI analyst Steve Sakwa has maintained their neutral stance on PLD stock, giving a Hold rating on April 11.
Steve Sakwa has given his Hold rating due to a combination of factors impacting Prologis’s financial outlook. Despite Prologis reporting a better-than-expected core FFO for Q1, the company maintained its full-year guidance due to uncertainties surrounding tariffs. This cautious approach reflects management’s decision to adjust capital deployment figures, which are within their control, rather than raising the full-year FFO outlook.
Additionally, Prologis’s revised guidance indicates a potential decline in occupancy rates and a reduction in capital deployment activities, such as development starts and dispositions. These adjustments, coupled with a decrease in leasing activity following tariff announcements, have led to a slight reduction in future earnings estimates. Consequently, the target price for Prologis’s stock has been lowered, reinforcing the Hold rating as the company navigates these challenges.
In another report released on April 11, Mizuho Securities also maintained a Hold rating on the stock with a $105.00 price target.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLD in relation to earlier this year.