Livforsakringsbolaget Skandia Omsesidigt Invests $951,000 in Prologis, Inc. $PLD

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,024 shares of the real estate investment trust’s stock, valued at approximately $951,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Solstein Capital LLC bought a new stake in shares of Prologis in the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the second quarter worth about $25,000. Clearstead Trust LLC bought a new position in shares of Prologis during the second quarter worth about $28,000. SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the fourth quarter worth approximately $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

PLD stock opened at $140.80 on Friday. The stock has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. The company’s 50-day moving average is $142.44 and its 200-day moving average is $140.59. 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 1 year low of $110.51 and a 1 year high of $153.35.

Prologis (NYSE:PLD) last issued its 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s 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 document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on PLD shares. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. BMO Capital Markets lowered their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Truist Financial upped their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Mizuho upped their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis 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.