Allspring Global Investments Holdings LLC Purchases 120,414 Shares of Prologis, Inc. $PLD

Key Points

• Allspring Global Investments increased its Prologis stake by 16.7% in the first quarter, buying 120,414 additional shares and bringing its holding to 840,001 shares worth about $112 million.
• Prologis reported better-than-expected quarterly results, with EPS of $1.13 versus the $0.75 estimate and revenue of $2.43 billion, while also raising its FY 2026 guidance to 6.22-6.30 EPS.
• Analysts remain constructive overall, with 15 Buy ratings and 8 Hold ratings and an average price target of $153.24, although some commentary warns that the stock’s valuation is already rich after its recent run.

Allspring Global Investments Holdings LLC boosted its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 16.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 840,001 shares of the real estate investment trust's stock after purchasing an additional 120,414 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of Prologis worth $111,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLD. Independent Financial Group LLC bought a new stake in Prologis during the 1st quarter valued at $1,229,000. Prosperity Consulting Group LLC grew its position in shares of Prologis by 15.5% in the 1st quarter. Prosperity Consulting Group LLC now owns 6,076 shares of the real estate investment trust's stock worth $803,000 after buying an additional 814 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Prologis by 8.7% during the 1st quarter. Wealthfront Advisers LLC now owns 123,816 shares of the real estate investment trust's stock worth $16,366,000 after acquiring an additional 9,923 shares in the last quarter. RFG Bristol Wealth Advisors LLC lifted its position in Prologis by 2.6% during the first quarter. RFG Bristol Wealth Advisors LLC now owns 3,342 shares of the real estate investment trust's stock valued at $442,000 after acquiring an additional 86 shares during the last quarter. Finally, Midwest Professional Planners LTD. lifted its position in Prologis by 74.6% during the first quarter. Midwest Professional Planners LTD. now owns 8,575 shares of the real estate investment trust's stock valued at $1,133,000 after acquiring an additional 3,664 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Argus increased their price target on Prologis from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Truist Financial increased their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a "buy" rating in a research report on Friday, April 24th. Evercore set a $135.00 target price on shares of Prologis in a research report on Friday, April 17th. BTIG Research raised 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. Finally, Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a "neutral" rating in a report on Friday, April 17th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and an average price target of $153.24.

Prologis Trading Down 0.3%

Shares of NYSE:PLD opened at $149.65 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $153.35. The business has a 50 day moving average of $143.14 and a two-hundred day moving average of $137.90. The company has a market capitalization of $139.53 billion, a PE ratio of 33.33 and a beta of 1.32.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the firm earned $1.46 EPS. The business'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. As a group, analysts forecast that Prologis, Inc. will post 6.26 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.9%. Prologis's payout ratio is presently 107.81%.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported Q2 results above expectations, with strong rental income, record leasing, and occupancy remaining solid, which supports confidence in near-term cash flow and earnings growth.
• Positive Sentiment: The company raised its 2026 earnings guidance again, signaling that management sees stronger-than-expected operating momentum and improving fundamentals across the portfolio. Prologis Reports Second Quarter 2026 Results
• Positive Sentiment: Analysts and market commentary are focusing on Prologis’ expanding role in AI-related logistics and data center infrastructure, which could open a new long-term growth avenue and lift investor sentiment. PLD Q2 Earnings Call Shows Growth Across Logistics, Data Centers
• Neutral Sentiment: Some commentary notes that the stock’s valuation is already rich after a strong run, which may limit upside if growth expectations cool. Prologis: AI Creates An Opportunity, But The Price Is High
• Negative Sentiment: Valuation concerns could create some near-term pressure as investors weigh whether the recent rally has already priced in much of the earnings upgrade and AI-related optimism.

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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