Prologis, Inc. $PLD Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Prologis stake by 22.3% in the first quarter, holding 53,096 shares valued at approximately $7.0 million. Institutional investors collectively own 93.5% of the company.
• Prologis reported quarterly EPS of $1.13, exceeding the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The company maintained fiscal 2026 EPS guidance of $6.22–$6.30.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $154.57 versus the stock’s $141.10 opening price; price targets from several major brokerages were recently raised.

Empowered Funds LLC raised its stake in Prologis, Inc. (NYSE:PLD - Free Report) by 22.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,096 shares of the real estate investment trust's stock after purchasing an additional 9,682 shares during the quarter. Empowered Funds LLC's holdings in Prologis were worth $7,018,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the fourth quarter worth $26,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 95 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Prologis in the fourth quarter valued at $29,000. Finally, High Note Wealth LLC boosted its position 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 purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company's 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Prologis Trading Down 0.1%

Shares of PLD stock opened at $141.10 on Friday. The company has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $143.09 and a 200 day moving average price of $139.86. Prologis, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results 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. The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on PLD. Weiss Ratings upgraded shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Bank of America lifted their price target on shares of Prologis from $153.00 to $162.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Wells Fargo & Company upped their price target on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Finally, Scotiabank raised their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Prologis presently has an average rating of "Moderate Buy" and an average target price of $154.57.

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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