Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 3,082,490 Prologis, Inc. $PLD

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,082,490 shares of the real estate investment trust’s stock, valued at approximately $417,585,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Beverly Hills Private Wealth LLC bought a new position in shares of Prologis during the second quarter valued at approximately $519,000. OneDigital Investment Advisors LLC purchased a new stake in Prologis during the second quarter worth $1,597,000. Plato Investment Management Ltd bought a new stake in Prologis during the 2nd quarter valued at $4,519,000. Bell Investment Advisors Inc bought a new stake in Prologis during the 2nd quarter valued at $79,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Prologis in the 2nd quarter valued at $1,228,000. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. DA Davidson upped their price objective on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Mizuho increased their price target on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Finally, BTIG Research lifted their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.3%

Shares of PLD stock opened at $140.61 on Tuesday. Prologis, Inc. has a 1-year low of $105.42 and a 1-year high of $153.35. The stock’s fifty day moving average price is $143.05 and its 200 day moving average price is $140.04. 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 company has a market cap of $131.20 billion, a price-to-earnings ratio of 31.32 and a beta of 1.31.

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, beating the consensus estimate 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 period in the prior year, the company posted $1.46 EPS. The firm’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. On average, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

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.