Mitsubishi UFJ Asset Management Co. Ltd. Buys New Stake in Prologis, Inc. $PLD

Key Points

• Mitsubishi UFJ Asset Management acquired 3.08 million Prologis shares worth approximately $417.6 million, giving it a 0.33% stake. Institutional investors collectively own 93.5% of the REIT.
• Prologis reported quarterly EPS of $1.13, beating the $0.75 analyst estimate, while revenue rose 11% year over year to $2.43 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $154.57 versus the stock’s opening price of $140.61.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,082,490 shares of the real estate investment trust's stock, valued at approximately $417,585,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.33% of Prologis as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Schnieders Capital Management LLC. raised its holdings in Prologis by 45.4% during the 2nd 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Prologis by 4.8% in the fourth 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 last quarter. Meritage Portfolio Management boosted its stake in Prologis by 45.7% during the fourth quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust's stock worth $3,560,000 after buying an additional 8,747 shares during the period. Merrithew & Thorsten Inc purchased a new position in Prologis during the fourth quarter worth $5,641,000. Finally, Merit Financial Group LLC increased its position in Prologis by 38.2% during the fourth 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 last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.3%

NYSE:PLD opened at $140.61 on Tuesday. Prologis, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35. The company has a market cap of $131.20 billion, a price-to-earnings ratio of 31.32 and a beta of 1.31. The stock has a fifty day simple moving average of $143.05 and a 200-day simple moving average of $140.04. 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 (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion for 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%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

Wall Street Analysts Forecast Growth

PLD has been the topic of several recent analyst reports. Scotiabank increased their target price 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. Bank of America lifted their price target on shares of Prologis from $153.00 to $162.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Barclays raised their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Insider Transactions at Prologis

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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

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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