15,271 Shares in Prologis, Inc. $PLD Acquired by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 15,271 Prologis shares in the second quarter, valued at approximately $2.12 million. Institutional investors collectively own 93.5% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $154.57. Recent targets range from $140 to $167.
• Prologis beat quarterly earnings expectations, reporting $1.13 in EPS versus $0.75 expected and $2.43 billion in revenue, up 11% year over year. Shares opened at $141.12, while the CFO separately sold 3,597 shares for $539,550.

First National Bank of Omaha acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,271 shares of the real estate investment trust's stock, valued at approximately $2,121,000.

Several other hedge funds also recently bought and sold shares of the business. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter worth about $26,000. Clearstead Trust LLC bought a new stake in Prologis during the 2nd quarter valued at about $28,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the 4th quarter valued at about $29,000. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on PLD. Robert W. Baird set a $140.00 target price on shares of Prologis in a research note on Friday, July 31st. Truist Financial lifted their price target on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They issued a "market perform" rating for the company. Wells Fargo & Company increased their price objective on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Finally, Scotiabank raised their price objective on Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis Stock Up 0.8%

Shares of Prologis stock opened at $141.12 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $131.67 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The firm's 50-day moving average is $142.80 and its two-hundred day moving average is $140.21. Prologis, Inc. has a 1 year low of $107.84 and a 1 year high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source