Fairtree Asset Management Pty Ltd Invests $2.06 Million in Prologis, Inc. $PLD

Key Points

• Fairtree Asset Management purchased 15,234 Prologis shares in the second quarter, valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 93.5% of Prologis.
• Analyst sentiment remains positive, with 16 Buy ratings and seven Holds, producing a consensus “Moderate Buy” rating and an average price target of $154.57.
• Prologis reported quarterly EPS of $1.13, beating estimates of $0.75, while revenue rose 11% year over year to $2.43 billion. The company maintained fiscal 2026 EPS guidance of $6.22 to $6.30.

Fairtree Asset Management Pty Ltd 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 firm bought 15,234 shares of the real estate investment trust's stock, valued at approximately $2,064,000.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Prologis during the second quarter valued at about $14,006,587,000. Norges Bank bought a new stake in shares of Prologis in the 4th quarter worth approximately $1,589,125,000. Cardano Risk Management B.V. lifted its position in shares of 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 worth $1,433,460,000 after acquiring an additional 10,207,267 shares during the period. Deutsche Bank AG acquired a new stake in shares of Prologis during the 2nd quarter worth approximately $968,959,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Prologis during the 2nd quarter worth approximately $742,843,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial upped their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Raymond James Financial initiated coverage on shares of Prologis in a research note on Thursday, June 18th. They set a "market perform" rating on the stock. Mizuho boosted their price target on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a report on Friday, July 17th. BMO Capital Markets dropped their price objective on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. Finally, Scotiabank raised their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis Trading Down 0.6%

PLD stock opened at $140.51 on Friday. Prologis, Inc. has a 1-year low of $107.84 and a 1-year 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. The business's 50 day moving average is $142.66 and its 200-day moving average is $140.28. The firm has a market cap of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal 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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