Jupiter Topco LLC Buys Shares of 1,142,765 Prologis, Inc. $PLD

Key Points

• Jupiter Topco LLC acquired 1,142,765 Prologis shares worth approximately $154.8 million, giving it a 0.12% stake. Institutional investors collectively own 93.5% of the REIT.
• Analysts remain broadly positive, with Prologis receiving a consensus “Moderate Buy” rating and an average price target of $154.57; several firms recently raised their targets to between $162 and $170.
• Prologis exceeded quarterly earnings and revenue expectations, reporting $1.13 in EPS and $2.43 billion in revenue, while revenue increased 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.

Jupiter Topco LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,142,765 shares of the real estate investment trust's stock, valued at approximately $154,763,000. Jupiter Topco LLC owned about 0.12% of Prologis as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Schnieders Capital Management LLC. increased its position in 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 worth $1,128,000 after buying an additional 3,350 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew 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 valued at $42,790,000 after acquiring an additional 15,335 shares during the period. BlackRock Inc. purchased a new stake in Prologis in the 2nd quarter worth approximately $14,006,587,000. Callan Family Office LLC bought a new stake in Prologis during the 2nd quarter worth approximately $3,394,000. Finally, Merrithew & Thorsten Inc purchased a new position in Prologis during the fourth quarter valued at approximately $5,641,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Prologis

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

Analysts Set New Price Targets

Several analysts have recently commented on PLD shares. Truist Financial raised their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. BTIG Research upped their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a "market perform" rating for the company. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Trading Down 0.4%

Prologis stock opened at $142.70 on Thursday. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The firm's 50 day moving average price is $142.41 and its 200-day moving average price is $140.55. 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 stock has a market cap of $133.15 billion, a P/E ratio of 31.78 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 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

About Prologis

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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