Bank of New York Mellon Corp Makes New $742.84 Million Investment in Prologis, Inc. $PLD

Key Points

• Bank of New York Mellon purchased 5.48 million Prologis shares worth approximately $742.8 million, acquiring a 0.59% stake. Institutional investors collectively own 93.5% of the REIT.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year and above estimates, while adjusted earnings of $1.13 per share exceeded the $0.75 consensus forecast. Management reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• PLD shares opened at $140.51, below the analyst consensus price target of $154.57; analysts maintain a “Moderate Buy” consensus rating, with 16 Buy and seven Hold ratings.

Bank of New York Mellon Corp purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,483,450 shares of the real estate investment trust's stock, valued at approximately $742,843,000. Bank of New York Mellon Corp owned 0.59% of Prologis as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Prologis during the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. raised its position in shares of Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust's stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares during the period. Swedbank AB lifted its stake in shares of Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust's stock valued at $978,461,000 after buying an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust's stock worth $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock worth $15,743,451,000 after buying an additional 1,258,407 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Down 0.6%

Shares of NYSE PLD opened at $140.51 on Friday. The business has a 50-day moving average of $142.66 and a 200-day moving average of $140.28. The firm has a market capitalization of $131.11 billion, a price-to-earnings ratio of 31.29 and a beta of 1.31. 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, Inc. has a 12 month low of $107.84 and a 12 month high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter last year, the company posted $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. Sell-side analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business's 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLD. Wall Street Zen upgraded shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Mizuho raised their price target on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Scotiabank lifted their price target on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. Robert W. Baird set a $140.00 price objective on Prologis in a research note on Friday, July 31st. Finally, Morgan Stanley increased their price objective on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 26th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis currently 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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