448,244 Shares in Prologis, Inc. $PLD Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 448,244 shares of the real estate investment trust’s stock, valued at approximately $60,724,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. BlackRock Inc. bought a new stake in Prologis during the second quarter worth $14,006,587,000. Geode Capital Management LLC lifted its holdings in Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after acquiring an additional 339,906 shares during the period. Capital Research Global Investors boosted its position in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. Finally, Norges Bank purchased a new position in Prologis in the fourth quarter worth $1,589,125,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank lifted 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. Mizuho boosted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Robert W. Baird set a $140.00 price target on shares of Prologis in a research report on Friday, July 31st. Finally, BMO Capital Markets decreased their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Performance

Shares of PLD opened at $141.77 on Friday. Prologis, Inc. has a 52-week low of $109.14 and a 52-week high of $153.35. The stock has a market capitalization of $132.28 billion, a price-to-earnings ratio of 31.57 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 stock’s 50-day simple moving average is $142.53 and its 200 day simple moving average is $140.29.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $1.46 earnings per share. Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

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.