7,522 Shares in Prologis, Inc. $PLD Purchased by AlphaGrep UK Ltd

AlphaGrep UK Ltd bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,522 shares of the real estate investment trust's stock, valued at approximately $1,019,000.

A number of other institutional investors have also recently bought and sold shares of PLD. Manning & Napier Advisors LLC bought a new stake in Prologis during the 2nd quarter worth approximately $25,000. Solstein Capital LLC bought a new position in shares of Prologis during the second quarter worth about $25,000. Clearstead Trust LLC acquired a new stake in Prologis in the 2nd quarter valued at approximately $28,000. Johnson Financial Group Inc. acquired a new stake in Prologis in the 2nd quarter valued at approximately $29,000. Finally, SouthState Bank Corp lifted its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Performance

NYSE PLD opened at $137.42 on Friday. The stock has a market cap of $128.22 billion, a PE ratio of 30.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a 50-day moving average of $142.06 and a 200-day moving average of $140.58. Prologis, Inc. has a 52-week low of $110.60 and a 52-week high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 business 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 business earned $1.46 EPS. Prologis's quarterly 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, sell-side analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis's payout ratio is 95.32%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLD shares. Weiss Ratings downgraded Prologis from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 26th. Barclays increased their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Mizuho raised their target price on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.52.

Insider Buying and Selling

In other Prologis news, CFO Timothy Arndt sold 3,597 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

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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