OMERS ADMINISTRATION Corp Makes New $51.54 Million Investment in Prologis, Inc. $PLD

Key Points

• OMERS Administration Corp. acquired 380,429 Prologis shares during the second quarter, valued at approximately $51.54 million. Institutional investors and hedge funds collectively own 93.50% of the stock.
• Analysts maintain a positive outlook, with 16 Buy ratings and seven Holds, producing a consensus “Moderate Buy” rating and an average price target of $154.57.
• Prologis exceeded quarterly earnings expectations, reporting $1.13 in EPS versus the $0.75 estimate and $2.43 billion in revenue, up 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22 to $6.30.

OMERS ADMINISTRATION Corp bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 380,429 shares of the real estate investment trust's stock, valued at approximately $51,537,000.

A number of other large investors have also bought and sold shares of PLD. Solstein Capital LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis during the fourth quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new stake in Prologis in the 4th quarter valued at $26,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter worth $28,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Prologis in the second quarter valued at $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 26th. BTIG Research raised their price objective on Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Scotiabank upped their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Finally, Mizuho upped their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a report on Friday, July 17th. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $154.57.

Prologis Trading Down 0.0%

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

Prologis (NYSE:PLD - Get Free Report) last released 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. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities 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 company's stock in a transaction on 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 SEC, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

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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