J.Safra Asset Management Corp Buys New Stake in Prologis, Inc. $PLD

Key Points

• J.Safra Asset Management purchased 7,409 Prologis shares worth approximately $1.0 million during the second quarter. Institutional investors and hedge funds collectively own 93.5% of PLD’s outstanding stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $154.57; several firms recently raised their ratings or targets.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year, and EPS of $1.13, exceeding analysts’ expectations. Shares opened at $141.10, while fiscal 2026 EPS guidance stands at $6.22–$6.30.

J.Safra Asset Management Corp purchased a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,409 shares of the real estate investment trust's stock, valued at approximately $1,004,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Schnieders Capital Management LLC. increased its position in shares of Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Prologis by 4.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust's stock worth $42,790,000 after buying an additional 15,335 shares during the period. Meritage Portfolio Management lifted its position in shares of Prologis by 45.7% during the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust's stock valued at $3,560,000 after buying an additional 8,747 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Prologis during the 4th quarter valued at approximately $5,641,000. Finally, Merit Financial Group LLC grew its stake in Prologis by 38.2% in the 4th quarter. Merit Financial Group LLC now owns 29,835 shares of the real estate investment trust's stock valued at $3,809,000 after acquiring an additional 8,240 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on PLD. Wells Fargo & Company increased their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research report on Monday, June 29th. Scotiabank raised 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. Finally, Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Prologis currently has an average rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Stock Up 0.1%

Shares of NYSE PLD opened at $141.10 on Monday. The stock has a market cap of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31. 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, Inc. has a 12-month low of $105.42 and a 12-month high of $153.35. The company has a 50-day moving average of $143.09 and a 200 day moving average of $139.96.

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

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business's 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

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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