Prologis, Inc. $PLD Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Prologis stake by 11% in the second quarter, adding 15,396 shares for a total holding of 154,967 shares valued at approximately $21.0 million. Institutional investors and hedge funds collectively own 93.5% of PLD.
• Prologis reported quarterly earnings of $1.13 per share, surpassing the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The company guided for fiscal 2026 EPS of $6.22–$6.30.
• Shares opened at $134, below the analyst consensus price target of $154.52. Prologis also declared a quarterly dividend of $1.07 per share, representing a 3.2% annualized yield.

QRG Capital Management Inc. grew its holdings in Prologis, Inc. (NYSE:PLD - Free Report) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,967 shares of the real estate investment trust's stock after purchasing an additional 15,396 shares during the quarter. QRG Capital Management Inc.'s holdings in Prologis were worth $20,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its position in Prologis by 1.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 156,316 shares of the real estate investment trust's stock worth $21,176,000 after buying an additional 2,577 shares in the last quarter. Andra AP fonden raised its stake in Prologis by 11.3% during the second quarter. Andra AP fonden now owns 174,728 shares of the real estate investment trust's stock worth $23,670,000 after purchasing an additional 17,700 shares during the period. Anchor Investment Management LLC boosted its holdings in Prologis by 1,510.7% in the 2nd quarter. Anchor Investment Management LLC now owns 451 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 423 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Prologis by 0.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,758 shares of the real estate investment trust's stock valued at $3,760,000 after purchasing an additional 84 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Prologis by 1.0% in the 2nd quarter. National Pension Service now owns 2,832,204 shares of the real estate investment trust's stock valued at $383,679,000 after buying an additional 29,124 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Down 1.4%

NYSE PLD opened at $134.00 on Thursday. The firm has a 50 day simple moving average of $140.80 and a 200-day simple moving average of $140.12. 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, Inc. has a one year low of $111.03 and a one year high of $153.35. The firm has a market cap of $125.03 billion, a price-to-earnings ratio of 29.84 and a beta of 1.30.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned $1.46 EPS. The firm'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. Equities research analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Prologis's dividend payout ratio (DPR) is presently 95.32%.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BMO Capital Markets cut their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company reduced their price objective on shares of Prologis from $167.00 to $166.00 and set an "overweight" rating on the stock in a report on Tuesday, September 1st. Finally, Truist Financial upped their target price on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.52.

Prologis Company Profile

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.

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