Public Employees Retirement System of Ohio Takes $194.37 Million Position in Prologis, Inc. $PLD

Public Employees Retirement System of Ohio acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,434,813 shares of the real estate investment trust's stock, valued at approximately $194,374,000. Prologis makes up about 0.6% of Public Employees Retirement System of Ohio's holdings, making the stock its 27th largest holding. Public Employees Retirement System of Ohio owned about 0.15% of Prologis as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PLD. Schnieders Capital Management LLC. lifted its holdings in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock worth $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust's stock valued at $42,790,000 after purchasing an additional 15,335 shares in the last quarter. Callan Family Office LLC bought a new position in shares of Prologis during the 2nd quarter valued at $3,394,000. BlackRock Inc. bought a new position in shares of Prologis during the 2nd quarter valued at $14,006,587,000. Finally, Merrithew & Thorsten Inc bought a new position in shares of Prologis during the 4th quarter valued at $5,641,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Down 0.4%

Shares of NYSE PLD opened at $141.99 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 $110.51 and a 52 week high of $153.35. The firm's fifty day moving average is $142.44 and its 200 day moving average is $140.59. The company has a market cap of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities research analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on PLD shares. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. BTIG Research raised 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 report on Wednesday, August 12th. Mizuho lifted their price objective on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada raised Prologis from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Prologis presently has an average rating of "Moderate Buy" and an average price target of $154.57.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.

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