Jefferies Financial Group Inc. Invests $41.26 Million in Prologis, Inc. $PLD

Key Points

• Jefferies Financial Group initiated a $41.26 million position in Prologis during the second quarter by purchasing 304,595 shares. Institutional investors collectively own 93.5% of Prologis stock.
• Analysts maintain a generally positive outlook, with 16 Buy ratings and seven Hold ratings giving Prologis a “Moderate Buy” consensus and an average price target of $154.57.
• Prologis exceeded quarterly earnings expectations, reporting $1.13 in EPS versus the $0.75 consensus and $2.43 billion in revenue, up 11% year over year. The company issued fiscal 2026 EPS guidance of $6.22 to $6.30.

Jefferies Financial Group Inc. bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 304,595 shares of the real estate investment trust's stock, valued at approximately $41,263,000.

Several other hedge funds also recently modified their holdings of PLD. Solstein Capital LLC bought a new position in Prologis in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter valued at $26,000. Clearstead Trust LLC bought a new position in shares of Prologis in the second quarter valued at $28,000. Finally, SouthState Bank Corp increased its holdings in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after buying an additional 95 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLD has been the subject of a number of recent analyst reports. Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a "market perform" rating for the company. Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Mizuho boosted their target price on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Robert W. Baird set a $140.00 price target on Prologis in a report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $154.57.

Prologis Stock Performance

NYSE:PLD opened at $141.99 on Friday. The stock has a 50 day simple moving average of $142.44 and a 200 day simple moving average of $140.59. The stock has a market cap of $132.49 billion, a P/E ratio of 31.62 and a beta of 1.31. Prologis, Inc. has a 1-year low of $110.51 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.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis, Inc. will post 6.27 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.

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