520,084 Shares in Prologis, Inc. $PLD Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 520,084 shares of the real estate investment trust’s stock, valued at approximately $70,456,000. Prologis makes up about 2.4% of NFJ Investment Group LLC’s investment portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. High Point Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new stake in shares of Prologis during the second quarter worth about $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Prologis during the second quarter worth about $29,000. Finally, SouthState Bank Corp boosted its position in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Prologis Stock Down 0.6%

Prologis stock opened at $140.51 on Friday. The business’s 50-day moving average price is $142.66 and its 200 day moving average price is $140.28. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $131.11 billion, a price-to-earnings ratio of 31.29 and a beta of 1.31. Prologis, Inc. has a 52 week low of $107.84 and a 52 week high of $153.35.

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, 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 company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Mizuho upped their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird set a $140.00 target price on shares of Prologis in a report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Prologis 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.