Czech National Bank Increases Position in Prologis, Inc. $PLD

Czech National Bank raised its stake in shares of Prologis, Inc. (NYSE:PLD) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,379 shares of the real estate investment trust’s stock after buying an additional 12,218 shares during the quarter. Czech National Bank’s holdings in Prologis were worth $35,951,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Schnieders Capital Management LLC. boosted its stake in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Prologis by 98.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock valued at $3,043,000 after buying an additional 11,846 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock valued at $42,790,000 after acquiring an additional 15,335 shares during the last quarter. Meritage Portfolio Management lifted its position in shares of Prologis by 45.7% in the fourth quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock worth $3,560,000 after buying an additional 8,747 shares in the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of Prologis during the 4th quarter worth approximately $5,641,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on PLD shares. UBS Group increased their price target on shares of Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Scotiabank upped their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $148.00 to $160.00 in a report on Tuesday. Finally, Mizuho boosted their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Sixteen 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, Prologis presently has an average rating of “Moderate Buy” and an average price target of $154.57.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: RBC Capital Markets upgraded Prologis to a Buy-equivalent rating, providing a favorable analyst view of the company’s growth prospects and valuation. Prologis raised to Buy equivalent at RBC Capital
• Positive Sentiment: Prologis remains exposed to strong demand for logistics facilities and data-center infrastructure, themes that could support occupancy, rents and future development opportunities. Prologis and the data-center land rush
• Neutral Sentiment: On August 5, Prologis announced a public offering of 15 million common shares expected to raise approximately $2.1 billion. The proceeds are intended to help fund the potential SEGRO acquisition, but the transaction remains dependent on completing the deal. Prologis announces public offering to fund potential SEGRO acquisition
• Negative Sentiment: The expanded common-stock offering increases the number of shares outstanding, creating dilution for existing shareholders and likely contributing to the stock’s weaker performance. Investors are also assessing execution and integration risks tied to the potential SEGRO transaction. Prologis raises additional equity capital through share offering

Prologis Stock Down 1.2%

PLD stock opened at $139.06 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35. The stock has a market capitalization of $129.75 billion, a P/E ratio of 30.97 and a beta of 1.31. The firm has a 50-day simple moving average of $143.34 and a 200-day simple moving average of $139.49.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts forecast that Prologis, Inc. will post 6.28 earnings per share 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.