Legal & General Group Plc Purchases Shares of 10,880,378 Prologis, Inc. $PLD

Key Points

• Legal & General Group Plc acquired 10.88 million Prologis shares in the second quarter, worth approximately $1.47 billion and representing a 1.17% stake. Institutional investors collectively own 93.5% of Prologis.
• Analysts maintain a generally positive outlook, with 16 Buy ratings and seven Hold ratings. Prologis has a consensus rating of “Moderate Buy” and an average price target of $154.57.
• Prologis exceeded quarterly earnings and revenue expectations, reporting $1.13 in EPS and $2.43 billion in revenue, with revenue up 11% year over year. The company guided to fiscal 2026 EPS of $6.22–$6.30.

Legal & General Group Plc bought a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 10,880,378 shares of the real estate investment trust's stock, valued at approximately $1,473,965,000. Legal & General Group Plc owned 1.17% of Prologis as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sandy Cove Advisors LLC raised its stake in shares of Prologis by 1.9% during the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust's stock valued at $522,000 after acquiring an additional 73 shares during the last quarter. CoreCap Advisors LLC increased its holdings 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 valued at $208,000 after purchasing an additional 73 shares during the period. Boltwood Capital Management increased its holdings in Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock valued at $700,000 after purchasing an additional 75 shares during the period. High Note Wealth LLC raised its position in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC raised its position in 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 valued at $406,000 after purchasing an additional 76 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. BTIG Research lifted their price target on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Scotiabank boosted their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada raised shares of Prologis from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Prologis currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis Trading Up 1.1%

NYSE:PLD opened at $143.37 on Tuesday. The firm has a market capitalization of $133.77 billion, a P/E ratio of 31.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a one year low of $110.51 and a one year high of $153.35. The company's 50-day simple moving average is $142.43 and its 200 day simple moving average is $140.45.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The business's revenue for the quarter 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, analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company's stock.

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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