Oppenheimer Asset Management Inc. Invests $4.11 Million in Prologis, Inc. $PLD

Key Points

• Oppenheimer Asset Management initiated a Prologis position worth approximately $4.11 million by purchasing 30,324 shares in the second quarter. Institutional investors collectively own 93.5% of the REIT’s stock.
• Analysts maintain a generally positive outlook, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $154.57.
• Prologis exceeded quarterly earnings and revenue estimates, reporting $1.13 in EPS and $2.43 billion in revenue, up 11% year over year; the company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.

Oppenheimer Asset Management Inc. bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,324 shares of the real estate investment trust's stock, valued at approximately $4,108,000.

Several other institutional investors have also bought and sold shares of PLD. Norges Bank acquired a new position in Prologis during the fourth quarter worth $1,589,125,000. Cardano Risk Management B.V. boosted its stake in shares of Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust's stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. Swedbank AB boosted its stake in shares of Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust's stock valued at $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust's stock worth $203,741,000 after purchasing an additional 1,576,262 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a report on Tuesday, May 26th. 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 note on Thursday, July 23rd. Weiss Ratings upgraded shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. BMO Capital Markets reduced their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. boosted their target price on Prologis from $141.00 to $157.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. Sixteen 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 presently has an average rating of "Moderate Buy" and an average price target of $154.57.

Prologis Stock Performance

Shares of Prologis stock opened at $141.10 on Friday. The firm has a fifty day moving average of $143.09 and a two-hundred day moving average of $139.86. The stock has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a 52 week low of $105.42 and a 52 week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The firm'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. As a group, equities research analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source