Plato Investment Management Ltd Buys New Shares in Prologis, Inc. $PLD

Plato Investment Management Ltd purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,553 shares of the real estate investment trust’s stock, valued at approximately $4,519,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new stake in Prologis in the 4th quarter worth approximately $26,000. Clearstead Trust LLC purchased a new stake in Prologis in the 2nd quarter worth approximately $28,000. SouthState Bank Corp raised its stake in Prologis by 73.1% during the 4th 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 bought a new stake in Prologis during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLD. JPMorgan Chase & Co. upped their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Barclays upped their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Trading Up 0.1%

PLD stock opened at $141.10 on Monday. 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 $105.42 and a 1-year high of $153.35. The business has a 50 day simple moving average of $143.09 and a two-hundred day simple moving average of $139.96. The company has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 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 firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The company’s quarterly 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. Research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were 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 SEC, which is available through the SEC website. Company 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.