Wellington Management Group LLP Sells 444,398 Shares of Prologis, Inc. $PLD

Key Points

• Wellington Management reduced its Prologis stake by 7.7%, selling 444,398 shares during the second quarter. It still held 5.30 million shares valued at approximately $718.2 million, while institutional investors collectively owned 93.5% of PLD.
• 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 maintained fiscal 2026 EPS guidance of $6.22–$6.30.
• Analyst sentiment remains positive, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $154.57, versus a reported share price of $140.80.

Wellington Management Group LLP trimmed its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,301,623 shares of the real estate investment trust's stock after selling 444,398 shares during the period. Wellington Management Group LLP owned about 0.57% of Prologis worth $718,211,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC acquired a new position in Prologis in the 2nd quarter worth $25,000. Solstein Capital LLC acquired a new stake in Prologis in the 2nd quarter valued at approximately $25,000. Clearstead Trust LLC acquired a new stake in Prologis in the 2nd quarter valued at approximately $28,000. Johnson Financial Group Inc. bought a new stake in Prologis in the 2nd quarter valued at approximately $29,000. Finally, SouthState Bank Corp boosted its position in 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. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

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

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLD shares. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a report on Monday, June 29th. Barclays raised their target price on shares of Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Weiss Ratings lowered shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday. Truist Financial increased their price objective 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. Finally, Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a report on Tuesday, May 26th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of "Moderate Buy" and an average price target of $154.57.

Insider Buying and Selling at Prologis

In other 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

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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