Evolve Private Wealth LLC bought a new stake in Prologis, Inc. (NYSE:PLD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,792 shares of the real estate investment trust’s stock, valued at approximately $649,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in PLD. BlackRock Inc. bought a new position in Prologis in the second quarter valued at approximately $14,006,587,000. Norges Bank acquired a new position in Prologis during the fourth quarter valued at approximately $1,589,125,000. Cardano Risk Management B.V. lifted its stake in Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares during the last quarter. Deutsche Bank AG bought a new stake in Prologis during the second quarter worth $968,959,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Prologis in the 2nd quarter valued at $742,843,000. Institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
PLD has been the topic of several recent analyst reports. Barclays lifted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company upped their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Robert W. Baird set a $140.00 price objective on Prologis in a research note on Friday, July 31st. Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Scotiabank boosted their target price on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.57.
Insider Buying and Selling
In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.
Prologis Stock Up 1.1%
Shares of NYSE:PLD opened at $143.37 on Tuesday. Prologis, Inc. has a 52-week low of $110.51 and a 52-week high of $153.35. The company has a market capitalization of $133.77 billion, a PE ratio of 31.93 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. The company has a fifty day moving average of $142.43 and a 200-day moving average of $140.45.
Prologis (NYSE:PLD – Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.
About Prologis
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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