Nissay Asset Management Corp Japan Purchases 5,250 Shares of Prologis, Inc. $PLD

Nissay Asset Management Corp Japan boosted its position in shares of Prologis, Inc. (NYSE:PLD) by 2.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 270,416 shares of the real estate investment trust’s stock after purchasing an additional 5,250 shares during the period. Nissay Asset Management Corp Japan’s holdings in Prologis were worth $36,633,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLD. BlackRock Inc. bought a new stake in shares of Prologis during the 2nd quarter worth approximately $14,006,587,000. Norges Bank acquired a new stake in shares of Prologis during the 4th quarter worth approximately $1,589,125,000. Legal & General Group Plc bought a new position in Prologis in the second quarter valued at approximately $1,473,965,000. Bank of America Corp DE bought a new position in Prologis in the second quarter valued at approximately $1,427,256,000. Finally, Cardano Risk Management B.V. raised its position in Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. BTIG Research lifted their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Mizuho boosted their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Finally, BMO Capital Markets reduced their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Performance

NYSE PLD opened at $140.80 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 $131.38 billion, a PE ratio of 31.36 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.

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, 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business earned $1.46 earnings per share. The company’s revenue for the quarter 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.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

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.