42,742 Shares in Prologis, Inc. $PLD Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors purchased 42,742 Prologis shares in the second quarter, valued at approximately $5.8 million. Institutional investors collectively own 93.5% of the REIT.
• Prologis reported quarterly EPS of $1.13, beating estimates of $0.75, while revenue rose 11% year over year to $2.43 billion. The company issued fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a “Moderate Buy” consensus rating with a $154.57 price target, compared with the stock’s reported opening price of $141.12.

Great Lakes Advisors LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 42,742 shares of the real estate investment trust's stock, valued at approximately $5,791,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schnieders Capital Management LLC. boosted its holdings in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock worth $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust's stock valued at $42,790,000 after buying an additional 15,335 shares during the last quarter. Meritage Portfolio Management increased its stake in Prologis by 45.7% in the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust's stock valued at $3,560,000 after buying an additional 8,747 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in shares of Prologis during the 4th quarter worth approximately $5,641,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Prologis by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust's stock worth $102,151,000 after buying an additional 33,172 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

PLD opened at $141.12 on Thursday. The company has a market capitalization of $131.67 billion, a price-to-earnings ratio of 31.43 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. The firm has a 50-day moving average price of $142.80 and a 200-day moving average price of $140.21. Prologis, Inc. has a twelve month low of $107.84 and a twelve month high of $153.35.

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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets reduced their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a report on Monday, June 29th. Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Barclays raised their target price on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Finally, BTIG Research boosted their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company's stock.

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.

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