Callan Family Office LLC Acquires Shares of 25,051 Prologis, Inc. $PLD

Key Points

• Callan Family Office acquired 25,051 Prologis shares worth approximately $3.4 million in the second quarter. Institutional investors collectively own 93.5% of the REIT.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year, and adjusted earnings of $1.13 per share, beating analysts’ $0.75 estimate. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $154.57 versus the stock’s reported $141.77 price; targets from Barclays and Morgan Stanley were recently raised.

Callan Family Office LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,051 shares of the real estate investment trust's stock, valued at approximately $3,394,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Prologis during the 2nd quarter worth approximately $14,006,587,000. Norges Bank purchased a new stake in Prologis during the fourth quarter worth $1,589,125,000. Cardano Risk Management B.V. grew its position in Prologis by 999.3% during 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 buying an additional 10,207,267 shares during the period. Deutsche Bank AG purchased a new position in Prologis in the second quarter valued at $968,959,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Prologis in the second quarter worth about $742,843,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Trading Up 0.8%

Shares of Prologis stock opened at $141.77 on Friday. The firm has a market capitalization of $132.28 billion, a price-to-earnings ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $109.14 and a fifty-two 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 stock has a 50 day moving average of $142.53 and a 200 day moving average of $140.29.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The firm's quarterly 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, research analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analysts Set New Price Targets

PLD has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Weiss Ratings raised Prologis from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Scotiabank raised their target price on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. 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 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $154.57.

Insider Buying and Selling at Prologis

In related 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company's stock.

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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