UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 618,467 Shares of Prologis, Inc. $PLD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,753,884 shares of the real estate investment trust’s stock after purchasing an additional 618,467 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Prologis were worth $1,998,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLD. BlackRock Inc. acquired a new stake in Prologis during the second quarter worth approximately $14,006,587,000. Geode Capital Management LLC increased its stake in Prologis by 1.5% during the 4th 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 raised its holdings in Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares in the last quarter. Norges Bank acquired a new position in Prologis in the 4th quarter valued at $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after acquiring an additional 516,765 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the topic of several analyst reports. Barclays increased their target price on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Truist Financial boosted their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Raymond James Financial started coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Wells Fargo & Company raised their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Down 0.7%

NYSE PLD opened at $140.80 on Friday. The business has a fifty day moving average price of $142.44 and a two-hundred day moving average price of $140.59. The stock has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week 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.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company posted $1.46 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction 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.

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.