Corient Private Wealth LP Takes $26.25 Million Position in Prologis, Inc. $PLD

Key Points

• Corient Private Wealth acquired 193,791 Prologis shares in the second quarter, worth approximately $26.25 million. Institutional investors collectively own 93.5% of the REIT.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $154.57; recent targets range from $158 to $167.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year, and adjusted earnings of $1.13 per share, exceeding estimates of $0.75. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.

Corient Private Wealth LP bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 193,791 shares of the real estate investment trust's stock, valued at approximately $26,253,000.

Other large investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new stake in Prologis in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $25,000. Clearstead Trust LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $28,000. SouthState Bank Corp grew its stake in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the 4th quarter valued at $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on PLD. BMO Capital Markets dropped their price objective on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a report on Monday, June 29th. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Royal Bank Of Canada raised Prologis from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Wells Fargo & Company upped their price target on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Finally, Weiss Ratings downgraded Prologis from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Price Performance

Prologis stock opened at $140.80 on Friday. Prologis, Inc. has a 52-week low of $110.51 and a 52-week high of $153.35. The firm has a fifty day moving average of $142.44 and a 200-day moving average of $140.59. The firm has a market capitalization of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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 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 business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business 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. As a group, analysts predict that Prologis, Inc. will post 6.27 EPS for the current year.

Insider Activity at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business'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 legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by corporate 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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