Trivium Point Advisory LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,239 shares of the real estate investment trust's stock, valued at approximately $1,523,000.
Several other institutional investors and hedge funds have also made changes to their positions in PLD. Vanguard Group Inc. boosted its stake in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC increased its position in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust's stock valued at $2,925,791,000 after acquiring an additional 339,906 shares during the period. Capital Research Global Investors raised its stake in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust's stock valued at $2,050,397,000 after acquiring an additional 678,363 shares in the last quarter. Norges Bank bought a new stake in Prologis during the 4th quarter valued at $1,589,125,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust's stock worth $1,485,917,000 after acquiring an additional 516,765 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PLD has been the subject of several recent analyst reports. Barclays increased 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. BMO Capital Markets reduced their price objective on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a report on Monday, June 29th. Truist Financial increased 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. Wall Street Zen raised shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Finally, Mizuho boosted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.57.
Check Out Our Latest Stock Analysis on PLD
Prologis Stock Up 0.1%
Shares of PLD stock opened at $141.10 on Monday. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The business's fifty day moving average is $143.09 and its 200-day moving average is $139.96. The stock has a market cap of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31.
Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company's revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Prologis 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 value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company's stock.
Prologis Profile
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Free Report)
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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