Man Group plc Invests $19.52 Million in Prologis, Inc. $PLD

Key Points

• Man Group acquired a new $19.52 million stake in Prologis during the second quarter, purchasing 144,054 shares. Institutional investors collectively own 93.5% of PLD.
• Analysts remain broadly positive, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $154.57.
• Prologis reported stronger-than-expected quarterly results, posting $1.13 EPS and $2.43 billion in revenue, up 11% year over year; the stock recently opened at $141.99.

Man Group plc acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 144,054 shares of the real estate investment trust's stock, valued at approximately $19,515,000.

Several other institutional investors also recently bought and sold shares of PLD. Sandy Cove Advisors LLC boosted its position in Prologis by 1.9% during 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 acquiring an additional 73 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock worth $208,000 after acquiring an additional 73 shares in the last quarter. Boltwood Capital Management lifted 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 purchasing an additional 75 shares during the last quarter. High Note Wealth LLC lifted 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 purchasing an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC boosted its position in Prologis by 2.5% during the first 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 in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Mizuho increased their price target on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a research report on Friday, July 17th. Barclays raised their price target on shares of Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Royal Bank Of Canada raised shares of 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 research report on Tuesday, August 4th. Finally, Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They set a "market perform" rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis Stock Down 0.4%

Prologis stock opened at $141.99 on Friday. Prologis, Inc. has a 1-year low of $110.51 and a 1-year high of $153.35. The business has a fifty day moving average price of $142.44 and a 200-day moving average price of $140.59. 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 capitalization of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31.

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 (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 for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company posted $1.46 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company's 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 SEC, which is accessible through the SEC website. Insiders own 0.52% of the company's stock.

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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