Deutsche Bank AG Invests $968.96 Million in Prologis, Inc. $PLD

Deutsche Bank AG bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,152,570 shares of the real estate investment trust's stock, valued at approximately $968,959,000. Deutsche Bank AG owned about 0.77% of Prologis at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Prologis during the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. increased its stake in Prologis by 999.3% in the 4th 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 last quarter. Bank of New York Mellon Corp purchased a new stake in Prologis in the 2nd quarter valued at about $742,843,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Prologis during the 2nd quarter worth approximately $417,585,000. Finally, Swedbank AB lifted its position in shares of Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust's stock worth $978,461,000 after buying an additional 2,038,329 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 0.3%

Prologis stock opened at $140.61 on Tuesday. Prologis, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35. The firm has a 50 day moving average price of $143.05 and a 200-day moving average price of $140.04. The company has a market capitalization of $131.20 billion, a P/E ratio of 31.32 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 issued its quarterly 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. The company had revenue of $2.43 billion during 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%. Prologis's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLD shares. Wells Fargo & Company upped their target price on Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Truist Financial boosted their price objective on Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Bank of America upped their price objective on Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Finally, Citigroup raised their target price on Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $154.57.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source