BlackRock Inc. Makes New Investment in Prologis, Inc. $PLD

Key Points

• BlackRock acquired 103.4 million Prologis shares valued at approximately $14.0 billion, giving it an 11.08% stake. Institutional investors and hedge funds collectively own 93.5% of PLD.
• Prologis reported quarterly EPS of $1.13 versus analysts’ $0.75 estimate, while revenue rose 11% year over year to $2.43 billion. The company maintained fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a “Moderate Buy” consensus, with 16 Buy ratings and seven Holds and an average price target of $154.57, above the stock’s reported $140.61 opening price.

BlackRock Inc. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 103,392,538 shares of the real estate investment trust's stock, valued at approximately $14,006,587,000. BlackRock Inc. owned approximately 11.08% of Prologis at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in Prologis in the 2nd quarter valued at $28,000. SouthState Bank Corp lifted its position 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 in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the 4th quarter worth about $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Down 0.3%

PLD stock opened at $140.61 on Tuesday. Prologis, Inc. has a 1-year low of $105.42 and a 1-year high of $153.35. The business's 50 day simple moving average is $143.05 and its 200 day simple moving average is $140.04. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates 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%.Prologis's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling

In other 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 value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLD shares. Wells Fargo & Company raised their price objective on Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Morgan Stanley increased their price target on Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They issued a "market perform" rating for the company. Finally, Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.57.

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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