Plato Investment Management Ltd Makes New Investment in Prologis, Inc. $PLD

Key Points

• Plato Investment Management purchased 33,553 Prologis shares during the second quarter, valued at approximately $4.52 million. Institutional investors collectively own 93.5% of the REIT’s stock.
• Analysts maintain a generally favorable outlook, with 16 Buy and seven Hold ratings, producing a “Moderate Buy” consensus and an average price target of $154.57.
• Prologis exceeded quarterly earnings expectations, reporting $1.13 in EPS versus a $0.75 consensus estimate and $2.43 billion in revenue, up 11% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.

Plato Investment Management Ltd 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 disclosure with the Securities and Exchange Commission. The fund bought 33,553 shares of the real estate investment trust's stock, valued at approximately $4,519,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sandy Cove Advisors LLC raised its stake in Prologis by 1.9% in the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust's stock worth $522,000 after buying an additional 73 shares in the last quarter. CoreCap Advisors LLC boosted its position in Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock valued at $208,000 after acquiring an additional 73 shares in the last quarter. Boltwood Capital Management boosted its position in Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock valued at $700,000 after acquiring an additional 75 shares in the last quarter. High Note Wealth LLC grew its holdings in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC grew its holdings in shares of Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust's stock worth $406,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLD shares. Scotiabank raised their target price on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Citigroup raised their price objective on Prologis from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Weiss Ratings raised shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Finally, Bank of America boosted their price objective 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. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $154.57.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Prologis Price Performance

Shares of NYSE PLD opened at $141.10 on Monday. The firm has a market cap of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35. 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 company has a 50 day moving average of $143.09 and a 200 day moving average of $139.96.

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, 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 company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company earned $1.46 EPS. Prologis'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. As a group, research analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

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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