Vise Technologies Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,031 shares of the real estate investment trust's stock, valued at approximately $7,997,000.
A number of other institutional investors have also recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Prologis in the second quarter valued at approximately $18,253,000. E Fund Management Co. Ltd. acquired a new position in shares of Prologis during the 2nd quarter worth approximately $471,000. MSH Capital Advisors LLC bought a new stake in Prologis in the 2nd quarter valued at $947,000. Edmond DE Rothschild Holding S.A. bought a new stake in Prologis in the 2nd quarter valued at $2,367,000. Finally, Madison Asset Management LLC acquired a new stake in Prologis during the 2nd quarter valued at $4,007,000. Institutional investors and hedge funds own 93.50% of the company's stock.
Prologis Price Performance
Prologis stock opened at $140.51 on Friday. The firm has a market cap of $131.11 billion, a PE ratio of 31.29 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The stock's fifty day moving average price is $142.66 and its two-hundred day moving average price is $140.28. Prologis, Inc. has a one year low of $107.84 and a one year high of $153.35.
Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the company posted $1.46 EPS. The company's revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.
Analyst Ratings Changes
PLD has been the subject of a number of research reports. Truist Financial raised their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Mizuho boosted 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. Raymond James Financial began coverage on Prologis in a research note on Thursday, June 18th. They set a "market perform" rating on the stock. Royal Bank Of Canada upgraded Prologis from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Scotiabank upped their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.
Check Out Our Latest Stock Analysis on Prologis
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 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 SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.
Prologis Profile
(
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.
Further Reading
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