UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2 Billion Stock Position in Prologis, Inc. $PLD

Key Points

• UBS Asset Management increased its Prologis stake by 4.4% in the second quarter, adding 618,467 shares to hold 14.75 million shares valued at approximately $2.0 billion, or 1.58% of the REIT.
• Prologis reported quarterly EPS of $1.13, beating the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The company guided to fiscal 2026 EPS of $6.22–$6.30.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus from 23 analysts and an average price target of $154.57, compared with the stock’s reported $140.80 opening price.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 4.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,753,884 shares of the real estate investment trust's stock after purchasing an additional 618,467 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.58% of Prologis worth $1,998,709,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Solstein Capital LLC bought a new stake in Prologis in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the 2nd quarter worth approximately $25,000. Clearstead Trust LLC bought a new position in shares of Prologis during the 2nd quarter worth approximately $28,000. SouthState Bank Corp increased its holdings in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business'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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Prologis Stock Performance

NYSE:PLD opened at $140.80 on Friday. The stock has a market cap of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31. The stock has a 50 day simple moving average of $142.44 and a 200 day simple moving average of $140.59. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 1-year low of $110.51 and a 1-year high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $1.46 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLD. Barclays raised their price target on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. BMO Capital Markets cut their target price on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. Finally, Mizuho lifted their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding PLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prologis, Inc. (NYSE:PLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source