6,930 Shares in Prologis, Inc. $PLD Bought by Capital Square LLC

Capital Square LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,930 shares of the real estate investment trust’s stock, valued at approximately $976,000.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,258,407 shares during the period. BlackRock Inc. acquired a new position in Prologis during the second quarter valued at approximately $14,006,587,000. Geode Capital Management LLC lifted its stake in 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 worth $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Capital Research Global Investors lifted its stake in Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Prologis in the 4th quarter valued at $1,589,125,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLD has been the topic of several recent analyst reports. Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. BTIG Research upped their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Mizuho raised their price objective on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Finally, Scotiabank boosted their target price on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Buying and Selling

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

Prologis Stock Down 0.0%

Shares of NYSE:PLD opened at $141.77 on Monday. The company has a fifty day moving average of $142.53 and a 200-day moving average of $140.36. The company has a market capitalization of $132.28 billion, a PE ratio of 31.57 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 52-week low of $109.14 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 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Company Profile

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.