UNIVEST FINANCIAL Corp Purchases New Shares in Prologis, Inc. $PLD

Key Points

• UNIVEST FINANCIAL Corp acquired 15,510 Prologis shares worth approximately $2.1 million in the second quarter. Institutional investors collectively own 93.5% of Prologis.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $154.57; several firms recently raised their targets to between $157 and $167.
• Prologis exceeded quarterly expectations with $1.13 in EPS and $2.43 billion in revenue, up 11% year over year. Shares opened at $140.61, while the company guided to fiscal 2026 EPS of $6.22–$6.30.

UNIVEST FINANCIAL Corp 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 SEC. The fund acquired 15,510 shares of the real estate investment trust's stock, valued at approximately $2,101,000.

Several other institutional investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new position in Prologis in the fourth quarter worth about $26,000. Clearstead Trust LLC purchased a new stake in Prologis in the second quarter worth about $28,000. 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 worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the 4th quarter valued at approximately $29,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLD. Morgan Stanley upped their target price on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 26th. BMO Capital Markets lowered their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their price target on Prologis from $141.00 to $157.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price objective on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Prologis has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Prologis Price Performance

Shares of NYSE PLD opened at $140.61 on Tuesday. Prologis, Inc. has a fifty-two week low of $105.42 and a fifty-two week high of $153.35. The company has a 50 day simple moving average of $143.05 and a two-hundred day simple moving average of $140.04. The company has a market capitalization of $131.20 billion, a price-to-earnings ratio of 31.32 and a beta of 1.31. 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 (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the previous year, the firm posted $1.46 EPS. The business'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. Analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction on 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 is available through this hyperlink. Corporate 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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