Bamco Inc. NY Makes New $107.07 Million Investment in Prologis, Inc. $PLD

Key Points

• Bamco Inc. NY initiated a roughly $107.1 million position in Prologis during the second quarter, buying 790,347 shares. Institutional investors and hedge funds collectively own 93.5% of the REIT.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and average price target of $154.57; recent targets range from $140 to $162.
• Prologis reported quarterly revenue of $2.43 billion and adjusted earnings of $1.13 per share, exceeding estimates, while revenue increased 11% year over year. The stock opened at $142.70, near its recent moving averages.

Bamco Inc. NY purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 790,347 shares of the real estate investment trust's stock, valued at approximately $107,068,000. Bamco Inc. NY owned 0.08% of Prologis as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PLD. Solstein Capital LLC acquired a new stake in shares of Prologis during the second quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Prologis in the second quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new stake in Prologis during the 2nd quarter worth approximately $28,000. Finally, SouthState Bank Corp increased its stake in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after buying an additional 95 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the subject of several recent research reports. Truist Financial raised their price target on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 26th. Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. BMO Capital Markets decreased their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a report on Monday, June 29th. Finally, Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Trading Down 0.4%

NYSE:PLD opened at $142.70 on Thursday. The stock has a 50-day simple moving average of $142.41 and a 200-day simple moving average of $140.55. The stock has a market cap of $133.15 billion, a P/E ratio of 31.78 and a beta of 1.31. Prologis, Inc. has a 1 year low of $110.51 and a 1 year 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.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The business 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%.The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

About Prologis

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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