Deutsche Bank AG Acquires Shares of 7,152,570 Prologis, Inc. $PLD

Deutsche Bank AG bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,152,570 shares of the real estate investment trust’s stock, valued at approximately $968,959,000.

Several other large investors have also recently modified their holdings of PLD. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in Prologis in the 2nd quarter valued at approximately $28,000. SouthState Bank Corp raised its holdings in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. BMO Capital Markets decreased their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Citigroup raised their target price on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Barclays raised their target price on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Performance

NYSE PLD opened at $140.61 on Tuesday. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35. 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 has a market capitalization of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31. The company’s 50 day simple moving average is $143.05 and its two-hundred day simple moving average is $140.04.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during 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 business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

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.