Rakuten Investment Management Inc. Buys Shares of 152,488 Prologis, Inc. $PLD

Rakuten Investment Management Inc. purchased a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 152,488 shares of the real estate investment trust's stock, valued at approximately $21,179,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock valued at $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in Prologis during the 2nd quarter worth $422,000. NewEdge Advisors LLC increased its holdings in Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock worth $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock worth $45,550,000 after purchasing an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The stock was 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 this hyperlink. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. Mizuho upped their price objective on Prologis from $150.00 to $159.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. BTIG Research raised their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Raymond James Financial initiated coverage on shares of Prologis in a research report on Thursday, June 18th. They set a "market perform" rating on the stock. Finally, Royal Bank Of Canada raised shares of Prologis from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen 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.com, Prologis has an average rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Trading Down 0.7%

NYSE:PLD opened at $140.80 on Friday. The firm's fifty day moving average is $142.44 and its 200-day moving average is $140.59. 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 52 week low of $110.51 and a 52 week high of $153.35. The firm has a market cap of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Prologis's revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current 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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