Commerce Bank Purchases Shares of 185,233 Prologis, Inc. $PLD

Commerce Bank purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 185,233 shares of the real estate investment trust’s stock, valued at approximately $25,094,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Prologis in the 2nd quarter valued at about $14,006,587,000. Geode Capital Management LLC grew its position in shares of 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 last quarter. Capital Research Global Investors increased its stake 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 buying an additional 678,363 shares during the period. Finally, Norges Bank acquired a new stake in shares of Prologis in the fourth quarter valued at about $1,589,125,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLD. Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Wells Fargo & Company upped their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Mizuho increased their target price on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Truist Financial upped their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Trading Up 0.8%

PLD opened at $141.77 on Friday. 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, Inc. has a fifty-two week low of $109.14 and a fifty-two week high of $153.35. The firm has a market capitalization of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The company’s 50-day moving average is $142.53 and its 200 day moving average is $140.29.

Prologis (NYSE:PLD) last announced its 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 analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis’s quarterly revenue 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, research analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

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.