RB Capital Management LLC Takes $676,000 Position in Prologis, Inc. $PLD

RB Capital Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,991 shares of the real estate investment trust’s stock, valued at approximately $676,000.

Several other large investors have also recently added to or reduced their stakes in PLD. BlackRock Inc. purchased a new position in Prologis in the 2nd quarter valued at approximately $14,006,587,000. Norges Bank purchased a new stake in shares of Prologis during the fourth quarter worth $1,589,125,000. Legal & General Group Plc purchased a new stake in shares of Prologis during the second quarter worth $1,473,965,000. Bank of America Corp DE acquired a new stake in shares of Prologis in the second quarter valued at $1,427,256,000. Finally, Cardano Risk Management B.V. raised its stake in shares of Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after acquiring an additional 10,207,267 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Prologis

In other Prologis 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 sale was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is owned by company insiders.

Prologis Stock Down 0.7%

Prologis stock opened at $140.80 on Friday. 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 stock has a market cap of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. The stock’s fifty day moving average is $142.44 and its two-hundred day moving average is $140.59.

Prologis (NYSE:PLD) last released its quarterly earnings data 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. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $1.46 EPS. The business’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, sell-side analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLD. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. BTIG Research raised their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $154.57.

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.