Cornerstone Advisors LLC Invests $8.57 Million in Prologis, Inc. $PLD

Key Points

• Cornerstone Advisors initiated an $8.57 million position in Prologis during the second quarter, buying 63,249 shares. Institutional investors collectively own 93.5% of the REIT.
• Analysts remain broadly positive, with 16 Buy and seven Hold ratings. Prologis has a “Moderate Buy” consensus rating and an average price target of $154.57.
• Prologis exceeded quarterly expectations, reporting $1.13 in adjusted EPS and $2.43 billion in revenue, up 11% year over year. The company maintained 2026 EPS guidance of $6.22–$6.30.

Cornerstone Advisors LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,249 shares of the real estate investment trust's stock, valued at approximately $8,568,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLD. UNIVEST FINANCIAL Corp acquired a new position in shares of Prologis during the second quarter worth $2,101,000. BlackRock Inc. acquired a new stake in shares of Prologis in the 2nd quarter worth $14,006,587,000. Dunhill Financial LLC acquired a new stake in shares of Prologis in the 2nd quarter worth $54,000. Pallas Capital Advisors LLC purchased a new position in Prologis during the 2nd quarter worth $3,447,000. Finally, Deutsche Bank AG purchased a new position in Prologis during the 2nd quarter worth $968,959,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank upped 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. Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial initiated coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a "market perform" rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Stock Performance

Shares of NYSE PLD opened at $140.61 on Tuesday. The stock has a market cap of $131.20 billion, a price-to-earnings ratio of 31.32 and a beta of 1.31. The company has a 50 day simple moving average of $143.05 and a two-hundred day simple moving average of $140.04. Prologis, Inc. has a 12 month low of $105.42 and a 12 month high of $153.35. 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 (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

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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