Van ECK Associates Corp Has $85.71 Million Stock Holdings in Prologis, Inc. $PLD

Van ECK Associates Corp trimmed its position in Prologis, Inc. (NYSE:PLD) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,716 shares of the real estate investment trust’s stock after selling 4,174 shares during the period. Van ECK Associates Corp’s holdings in Prologis were worth $85,714,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Prologis in the second quarter worth approximately $14,006,587,000. Norges Bank bought a new stake in shares of Prologis during the fourth quarter valued at approximately $1,589,125,000. Legal & General Group Plc acquired a new position in shares of Prologis during the second quarter worth approximately $1,473,965,000. Bank of America Corp DE bought a new position in shares of Prologis in the 2nd quarter worth $1,427,256,000. Finally, Cardano Risk Management B.V. lifted its holdings in shares of Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.7%

PLD stock opened at $140.80 on Friday. The firm has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35. The stock’s 50 day moving average is $142.44 and its 200-day moving average is $140.59.

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

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings lowered shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Scotiabank lifted their price objective 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, Wells Fargo & Company boosted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.