Bessemer Group Inc. Raises Position in Prologis, Inc. $PLD

Key Points

• Bessemer Group Inc. increased its stake in Prologis by 3.2% in the first quarter, buying 50,395 additional shares and bringing its total holdings to 1,646,358 shares worth about $217.6 million.
• Prologis has recently posted strong operating results, with Q2 FFO and revenue beating estimates and management raising full-year 2026 earnings guidance again.
• Analysts remain generally upbeat on the stock, with 15 Buy ratings and an average consensus target price of $152.81, while Prologis also continues paying a quarterly dividend of $1.07 per share.

Bessemer Group Inc. boosted its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,646,358 shares of the real estate investment trust's stock after purchasing an additional 50,395 shares during the period. Bessemer Group Inc. owned approximately 0.18% of Prologis worth $217,616,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis in the fourth quarter valued at approximately $27,000. SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis in the fourth quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported Q2 FFO and revenue ahead of estimates, reflecting stronger rental income and leasing performance. PLD's Q2 Core FFO Beat Estimates, Revenues Rise on Higher Rental Income
• Positive Sentiment: The company raised full-year 2026 earnings guidance again, signaling improving operating momentum and stronger-than-expected fundamentals. Prologis Reports Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record leasing activity and said demand is improving, including from AI-related warehouse needs, which supports the long-term growth outlook. Prologis seeing demand bump for logistics warehouses
• Positive Sentiment: Prologis also said AI spending could create millions of square feet of new warehouse demand, adding another growth catalyst for its logistics portfolio. Prologis Sees AI Spending Creating Millions of Square Feet of New Warehouse Demand
• Neutral Sentiment: Investors are also digesting the Q2 earnings call transcript and conference-call details for more color on leasing trends, development activity, and capital allocation. Prologis, Inc. (PLD) Q2 2026 Earnings Call Transcript

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BTIG Research lifted their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. BMO Capital Markets cut their price target on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a report on Monday, June 29th. Mizuho boosted their price objective on shares of Prologis from $143.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. Scotiabank downgraded shares of Prologis from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $154.00 to $146.00 in a research note on Thursday, June 18th. Finally, UBS Group increased their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a "buy" 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.81.

Prologis Price Performance

Shares of NYSE PLD opened at $149.96 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The stock has a market capitalization of $139.81 billion, a P/E ratio of 37.77 and a beta of 1.32. The company's 50-day moving average is $143.02 and its 200 day moving average is $137.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the business posted $1.43 earnings per share. Prologis's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

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

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was 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 link. 0.52% of the stock is owned by corporate insiders.

Prologis Company 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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