Moore Capital Management LP Increases Position in Prologis, Inc. $PLD

Key Points

• Moore Capital Management increased its Prologis position by 12.3% in the second quarter, purchasing 18,503 shares to hold 169,271 shares valued at approximately $22.9 million. Institutional investors collectively own 93.5% of the company.
• Prologis reported quarterly EPS of $1.13, beating the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The company provided fiscal 2026 EPS guidance of $6.22 to $6.30.
• Wall Street maintains a “Moderate Buy” consensus rating, with 16 analysts rating the stock Buy and seven rating it Hold; the average price target is $154.57 versus a recent price of $140.80.

Moore Capital Management LP increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,271 shares of the real estate investment trust's stock after purchasing an additional 18,503 shares during the period. Moore Capital Management LP's holdings in Prologis were worth $22,931,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLD. Manning & Napier Advisors LLC bought a new position in shares of Prologis in the second quarter worth about $25,000. Solstein Capital LLC bought a new stake in Prologis during the 2nd quarter valued at approximately $25,000. Clearstead Trust LLC purchased a new position in Prologis in the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new position in Prologis in the 2nd quarter worth approximately $29,000. Finally, SouthState Bank Corp boosted its stake in 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 purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

NYSE PLD opened at $140.80 on Monday. 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 1-year low of $110.51 and a 1-year high of $153.35. The business has a 50 day simple moving average of $142.44 and a two-hundred day simple moving average of $140.61. The stock has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the firm earned $1.46 EPS. The company'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. On average, research analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. Royal Bank Of Canada raised shares of Prologis from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Truist Financial upped their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Scotiabank raised 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. BMO Capital Markets cut their target price on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. Finally, Weiss Ratings downgraded shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.57.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company's stock in a transaction on 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 this hyperlink. 0.52% of the stock is currently owned by 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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