OVERSEA CHINESE BANKING Corp Ltd Buys New Position in Prologis, Inc. $PLD

Key Points

• Oversea Chinese Banking Corp Ltd bought 134,737 Prologis shares in the second quarter, valued at approximately $18.3 million. Institutional investors and hedge funds collectively own 93.5% of the stock.
• Analyst sentiment remains positive, with 16 Buy ratings and seven Holds. Prologis has a consensus “Moderate Buy” rating and an average price target of $154.57.
• Prologis beat quarterly earnings expectations with $1.13 in EPS versus $0.75 forecast and reported $2.43 billion in revenue, up 11% year over year. Shares recently opened at $140.51, below the 52-week high of $153.35.

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 134,737 shares of the real estate investment trust's stock, valued at approximately $18,253,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. High Point Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the 4th quarter worth approximately $26,000. Clearstead Trust LLC purchased a new stake in Prologis during the 2nd quarter worth approximately $28,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% during 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. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis during the 4th quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLD has been the subject of several recent research reports. BMO Capital Markets decreased their price target on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research report on Monday, June 29th. BTIG Research increased 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 Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. Wells Fargo & Company lifted their target price on Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Finally, Barclays boosted their target price on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.57.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Stock Down 0.6%

Shares of Prologis stock opened at $140.51 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52-week low of $107.84 and a 52-week high of $153.35. The company has a market capitalization of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31. The company has a 50 day moving average of $142.66 and a 200 day moving average of $140.28.

Prologis (NYSE:PLD - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Prologis 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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