23,831 Shares in Prologis, Inc. $PLD Bought by Equitable Holdings Inc.

Equitable Holdings Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,831 shares of the real estate investment trust's stock, valued at approximately $3,228,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Prologis during the 2nd quarter valued at about $14,006,587,000. Geode Capital Management LLC raised its position in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust's stock worth $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors raised its position in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust's stock worth $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. Norges Bank bought a new position in Prologis during the fourth quarter worth about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Prologis by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust's stock worth $1,485,917,000 after purchasing an additional 516,765 shares during the period. Institutional investors own 93.50% of the company's stock.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Stock Down 0.4%

Shares of NYSE PLD opened at $141.99 on Friday. The firm's 50-day simple moving average is $142.44 and its 200 day simple moving average is $140.59. The company has a market cap of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company's revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLD has been the topic of several analyst reports. Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Wall Street Zen raised Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Weiss Ratings upgraded Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Finally, Scotiabank increased their price objective on Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Profile

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.

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