Empowered Funds LLC Makes New $6.60 Million Investment in Prologis, Inc. $PLD

Empowered Funds LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,701 shares of the real estate investment trust's stock, valued at approximately $6,598,000.

A number of other hedge funds also recently modified their holdings of PLD. Manning & Napier Advisors LLC acquired a new position in Prologis in the 2nd quarter valued at about $25,000. Solstein Capital LLC acquired a new stake in Prologis during the second quarter worth approximately $25,000. Clearstead Trust LLC acquired a new stake in Prologis during the second quarter worth approximately $28,000. Johnson Financial Group Inc. bought a new stake in shares of Prologis during the second quarter worth approximately $29,000. Finally, SouthState Bank Corp grew its position in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Trading Up 0.1%

Shares of NYSE:PLD opened at $140.80 on Monday. The business's 50 day simple moving average is $142.44 and its 200 day simple moving average is $140.61. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Activity at Prologis

In related 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 value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLD shares. Barclays increased their target price on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They issued a "market perform" rating on the stock. Wells Fargo & Company increased their price objective on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Mizuho boosted their target price on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Finally, Scotiabank upped their price target on shares of Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis 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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