NFJ Investment Group LLC Makes New Investment in Prologis, Inc. $PLD

NFJ Investment Group LLC bought a new position in Prologis, Inc. (NYSE:PLDFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 520,084 shares of the real estate investment trust’s stock, valued at approximately $70,456,000. Prologis comprises 2.4% of NFJ Investment Group LLC’s portfolio, making the stock its 9th biggest position. NFJ Investment Group LLC owned 0.06% of Prologis at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter worth about $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new stake in shares of Prologis in the second quarter worth approximately $28,000. SouthState Bank Corp raised its holdings in shares of 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 shares of Prologis during the 4th quarter worth approximately $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Mizuho lifted their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Truist Financial boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Read Our Latest Report on PLD

Prologis Stock Performance

PLD stock opened at $140.51 on Friday. Prologis, Inc. has a 1-year low of $107.84 and a 1-year high of $153.35. The business has a 50-day moving average price of $142.66 and a 200 day moving average price of $140.28. The company has a market capitalization of $131.11 billion, a P/E 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.

Prologis (NYSE:PLDGet Free Report) last issued its 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 company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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