Flputnam Investment Management Co. Invests $8.51 Million in Prologis, Inc. $PLD

Key Points

• Flputnam Investment Management acquired 62,832 Prologis shares during the second quarter, valued at approximately $8.51 million. Institutional investors collectively own 93.5% of the REIT’s stock.
• Prologis exceeded quarterly expectations, reporting $1.13 in earnings per share versus the $0.75 consensus estimate and $2.43 billion in revenue, up 11% year over year. The company issued fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts remain generally positive, with 16 Buy ratings and seven Holds, resulting in a “Moderate Buy” consensus and an average price target of $154.57, above the stock’s reported $141.10 opening price.

Flputnam Investment Management Co. acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 62,832 shares of the real estate investment trust's stock, valued at approximately $8,512,000.

Other institutional investors have also made changes to their positions in the company. Sandy Cove Advisors LLC increased its stake in Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC lifted its position in Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock worth $208,000 after buying an additional 73 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock worth $700,000 after buying an additional 75 shares during the last quarter. High Note Wealth LLC boosted its stake in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC boosted its stake in shares of Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust's stock worth $406,000 after buying an additional 76 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Prologis Price Performance

Prologis stock opened at $141.10 on Monday. Prologis, Inc. has a 12 month low of $105.42 and a 12 month high of $153.35. The stock's 50 day moving average is $143.09 and its 200-day moving average is $139.96. 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 company has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share 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 analysts' expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts expect that Prologis, Inc. will post 6.28 EPS for the current year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on PLD shares. Truist Financial lifted their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. DA Davidson boosted their price target on Prologis from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They set a "market perform" rating on the stock. Finally, Citigroup increased their price objective on Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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