Osmosis Investment Management UK Ltd Makes New $8.07 Million Investment in Prologis, Inc. $PLD

Osmosis Investment Management UK Ltd bought a new position in Prologis, Inc. (NYSE:PLDFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,540 shares of the real estate investment trust’s stock, valued at approximately $8,066,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLD. Brighton Jones LLC grew its position in Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new position in Prologis in the second quarter worth about $422,000. NewEdge Advisors LLC lifted its stake in shares of Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of NYSE PLD opened at $141.77 on Monday. The firm’s 50-day moving average price is $142.53 and its 200-day moving average price is $140.36. Prologis, Inc. has a 52-week low of $109.14 and a 52-week high of $153.35. The company has a market cap of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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

Insider Activity

In related 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 value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several analyst reports. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Truist Financial upped their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Barclays increased their target price on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Read Our Latest Stock Report on PLD

About Prologis

(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.

See Also

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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