739,862 Shares in Prologis, Inc. $PLD Purchased by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors purchased 739,862 Prologis shares in the second quarter, valued at approximately $100.2 million, while institutional investors collectively owned 93.5% of the REIT.
• Prologis reported quarterly EPS of $1.13, exceeding the $0.75 consensus estimate, and revenue of $2.43 billion, up 11% year over year. The company issued fiscal 2026 EPS guidance of $6.22–$6.30.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $154.57 versus the stock’s recent opening price of $140.30; however, CFO Timothy Arndt sold $539,550 worth of shares in June.

Great Lakes Advisors LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 739,862 shares of the real estate investment trust's stock, valued at approximately $100,229,000. Great Lakes Advisors LLC owned 0.08% of Prologis at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Sandy Cove Advisors LLC increased its stake in shares of Prologis by 1.9% during the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust's stock valued at $522,000 after purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock worth $208,000 after purchasing an additional 73 shares in the last quarter. Boltwood Capital Management boosted its position in shares of Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock worth $700,000 after purchasing an additional 75 shares in the last quarter. High Note Wealth LLC grew its stake in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC grew its stake in shares of Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust's stock worth $406,000 after buying an additional 76 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Shares of NYSE PLD opened at $140.30 on Wednesday. The firm has a market cap of $130.91 billion, a P/E ratio of 31.25 and a beta of 1.31. Prologis, Inc. has a twelve month low of $107.03 and a twelve month high of $153.35. 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 company has a 50 day moving average of $142.90 and a 200 day moving average of $140.13.

Prologis (NYSE:PLD - Get Free Report) last issued its 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. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They set a "market perform" rating for the company. Scotiabank lifted their price target on Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $154.57.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was 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 can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

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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