Meiji Yasuda Asset Management Co Ltd. Takes $5.89 Million Position in Prologis, Inc. $PLD

Key Points

• Meiji Yasuda Asset Management acquired 43,491 Prologis shares worth approximately $5.89 million, while institutional investors overall own 93.5% of the REIT.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $154.57; several firms recently raised their targets to between $160 and $170.
• Prologis exceeded quarterly earnings and revenue expectations, reporting $1.13 in EPS and $2.43 billion in revenue, with revenue increasing 11% year over year.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,491 shares of the real estate investment trust's stock, valued at approximately $5,892,000.

Several other institutional investors have also bought and sold shares of the stock. Ares Financial Consulting LLC bought a new stake in Prologis during the fourth quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis during the 4th quarter valued at $26,000. Clearstead Trust LLC acquired a new position in shares of Prologis during the 2nd quarter valued at $28,000. Johnson Financial Group Inc. bought a new stake in shares of Prologis in the 2nd quarter worth $29,000. Finally, SouthState Bank Corp raised its stake in shares of Prologis by 73.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analyst Weigh In

PLD has been the subject of several research analyst reports. Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Truist Financial raised their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, BTIG Research lifted their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Prologis Trading Down 0.0%

Shares of PLD opened at $141.77 on Monday. The business's 50-day moving average price is $142.53 and its 200 day moving average price is $140.36. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a 1-year low of $109.14 and a 1-year high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last posted 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. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. The business'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. Analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company's stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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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