26,327 Shares in Prologis, Inc. $PLD Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,327 shares of the real estate investment trust's stock, valued at approximately $3,776,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Prologis during the second quarter valued at approximately $14,006,587,000. Norges Bank acquired a new stake in shares of Prologis in the fourth quarter worth $1,589,125,000. Cardano Risk Management B.V. boosted its holdings in shares of Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust's stock worth $1,433,460,000 after buying an additional 10,207,267 shares during the period. Deutsche Bank AG bought a new stake in shares of Prologis during the 2nd quarter worth $968,959,000. Finally, Bank of New York Mellon Corp acquired a new position in Prologis in the 2nd quarter valued at $742,843,000. 93.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLD has been the topic of several recent analyst reports. Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Scotiabank raised their price target on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. Weiss Ratings raised Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Finally, Barclays raised their target price on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Prologis Price Performance

Shares of PLD stock opened at $141.77 on Monday. Prologis, Inc. has a 12 month low of $109.14 and a 12 month high of $153.35. The company has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. The stock has a 50 day moving average of $142.53 and a two-hundred day moving average of $140.36. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

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

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Prologis Company 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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