Perennial Investment Advisors LLC Purchases New Position in Prologis, Inc. $PLD

Perennial Investment Advisors LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel.com reports. The firm acquired 4,463 shares of the real estate investment trust’s stock, valued at approximately $605,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. BlackRock Inc. bought a new position in shares of Prologis in the second quarter worth $14,006,587,000. Geode Capital Management LLC increased its position in shares of Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the period. Capital Research Global Investors boosted its position in shares of Prologis by 4.4% in the fourth 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 during the period. Norges Bank purchased a new position in Prologis during the fourth quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 worth $1,485,917,000 after acquiring an additional 516,765 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $142.70 on Thursday. The company has a market capitalization of $133.15 billion, a P/E ratio of 31.78 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 quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $142.41 and a two-hundred day moving average price of $140.55.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. The firm’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. Analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research analyst reports. Barclays upped their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Mizuho upped their target price on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Finally, BMO Capital Markets decreased their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.