Adelante Capital Management LLC Acquires New Shares in Prologis, Inc. $PLD

Adelante Capital Management LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,274,473 shares of the real estate investment trust's stock, valued at approximately $172,653,000. Prologis makes up 11.4% of Adelante Capital Management LLC's portfolio, making the stock its 2nd largest position. Adelante Capital Management LLC owned about 0.14% of Prologis as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at $25,000. Solstein Capital LLC purchased a new stake in shares of Prologis during the second quarter valued at $25,000. Ares Financial Consulting LLC acquired a new position in Prologis during the fourth quarter valued at $26,000. Clearstead Trust LLC purchased a new position in shares of Prologis during the 2nd quarter valued at approximately $28,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Prologis in the second quarter worth about $29,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In other Prologis 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 value of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.52% of the company's stock.

Prologis Price Performance

Prologis stock opened at $142.70 on Thursday. The stock has a market cap of $133.15 billion, a P/E ratio of 31.78 and a beta of 1.31. The company has a fifty day simple moving average of $142.41 and a 200-day simple moving average of $140.55. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. 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 posted 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 firm 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%.Prologis's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank increased their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Raymond James Financial assumed coverage on Prologis in a research report on Thursday, June 18th. They set a "market perform" rating for the company. BTIG Research upped their target price on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Truist Financial increased their target price 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, Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis has a consensus rating of "Moderate Buy" and an average price target 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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