Palisade Capital Management LP Acquires Shares of 3,606 Prologis, Inc. $PLD

Palisade Capital Management LP purchased a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,606 shares of the real estate investment trust’s stock, valued at approximately $489,000.

A number of other large investors have also added to or reduced their stakes in PLD. Schnieders Capital Management LLC. raised its holdings in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after acquiring an additional 15,335 shares in the last quarter. BlackRock Inc. purchased a new position in Prologis during the second quarter valued at $14,006,587,000. Callan Family Office LLC purchased a new stake in Prologis in the second quarter worth about $3,394,000. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of Prologis in the 4th quarter worth approximately $5,641,000. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Truist Financial boosted 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. BMO Capital Markets cut their target price 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. Scotiabank upped their price target on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial began coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Down 0.4%

Shares of PLD stock opened at $142.70 on Thursday. Prologis, Inc. has a 1-year low of $110.51 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 company has a market cap of $133.15 billion, a price-to-earnings ratio of 31.78 and a beta of 1.31. The stock’s fifty day moving average price is $142.41 and its 200 day moving average price is $140.55.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $1.46 EPS. 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. On average, research analysts expect that Prologis, Inc. will post 6.27 earnings per share 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.