B. Metzler seel. Sohn & Co. AG Has $13.49 Million Holdings in Prologis, Inc. $PLD

B. Metzler seel. Sohn & Co. AG raised its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 99,560 shares of the real estate investment trust's stock after acquiring an additional 14,370 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Prologis were worth $13,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PLD. Brighton Jones LLC raised its holdings in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after buying an additional 15,078 shares during the period. Schnieders Capital Management LLC. increased its position in shares of 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 acquiring an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Prologis during the second quarter worth $422,000. NewEdge Advisors LLC raised its holdings in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock worth $6,710,000 after acquiring an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock worth $45,550,000 after acquiring an additional 10,266 shares during the period. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

PLD opened at $136.60 on Thursday. The business's 50-day simple moving average is $142.16 and its 200 day simple moving average is $140.61. Prologis, Inc. has a 52-week low of $110.51 and a 52-week high of $153.35. 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 market capitalization of $127.46 billion, a PE ratio of 30.42 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company earned $1.46 earnings per share. The business's revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PLD. Weiss Ratings cut shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Mizuho increased their target price on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Raymond James Financial began coverage on Prologis in a research note on Thursday, June 18th. They issued a "market perform" rating on the stock. Truist Financial boosted their price target on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Finally, Wall Street Zen raised Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average price target of $154.52.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company's stock in a transaction on 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 is available through the SEC website. Insiders own 0.52% of the company's stock.

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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source