Prologis (NYSE:PLD) Sees Unusually-High Trading Volume – Still a Buy?

Prologis, Inc. (NYSE:PLD) shares saw unusually-strong trading volume on Tuesday . 4,802,160 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 3,700,098 shares.The stock last traded at $140.6510 and had previously closed at $144.15.

Analysts Set New Price Targets

PLD has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Mizuho boosted their target price on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $157.00 target price on shares of Prologis in a report on Friday, April 17th. Argus increased their price target on Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Robert W. Baird set a $140.00 price target on Prologis in a report on Friday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Performance

The company has a market capitalization of $131.16 billion, a P/E ratio of 31.35 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $143.48 and its two-hundred day simple moving average is $139.45.

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, topping analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Trading of Prologis

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLD. Bridgewater Advisors Inc. bought a new stake in shares of Prologis during the second quarter worth approximately $467,000. USA Financial Formulas bought a new position in Prologis during the first quarter worth about $638,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Prologis during the 2nd quarter worth about $4,108,000. Family Wealth Partners LLC increased its stake in shares of Prologis by 25.0% in the 2nd quarter. Family Wealth Partners LLC now owns 4,520 shares of the real estate investment trust’s stock valued at $612,000 after acquiring an additional 905 shares during the last quarter. Finally, Tema ETFs LLC increased its stake in shares of Prologis by 10.0% in the 2nd quarter. Tema ETFs LLC now owns 15,977 shares of the real estate investment trust’s stock valued at $2,164,000 after acquiring an additional 1,450 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

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.