Jefferies Financial Group Inc. Acquires Shares of 304,595 Prologis, Inc. $PLD

Jefferies Financial Group Inc. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, HoldingsChannel reports. The institutional investor bought 304,595 shares of the real estate investment trust’s stock, valued at approximately $41,263,000.

Several other large investors also recently modified their holdings of PLD. BlackRock Inc. bought a new stake in Prologis during the second quarter worth about $14,006,587,000. Geode Capital Management LLC increased its holdings in Prologis by 1.5% in the 4th 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 raised its position in shares of 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 buying an additional 678,363 shares in the last quarter. Norges Bank acquired a new position in shares of Prologis in the 4th quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $1,485,917,000 after acquiring an additional 516,765 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLD. Barclays increased their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lifted their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Raymond James Financial initiated coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Finally, BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $141.99 on Friday. The firm’s fifty day moving average price is $142.44 and its two-hundred day moving average price is $140.59. The stock has a market cap of $132.49 billion, a PE ratio of 31.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two 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 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 analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $1.46 EPS. Prologis’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

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.