Pallas Capital Advisors LLC Invests $3.45 Million in Prologis, Inc. $PLD

Pallas Capital Advisors LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 25,448 shares of the real estate investment trust’s stock, valued at approximately $3,447,000.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG acquired a new stake in Prologis during the 2nd quarter worth approximately $968,959,000. Perigon Wealth Management LLC acquired a new position in shares of Prologis in the second quarter valued at approximately $1,145,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Prologis during the second quarter worth $1,861,000. Phillips Wealth Planners LLC acquired a new stake in shares of Prologis during the second quarter worth $265,000. Finally, Trust Co. of Vermont bought a new stake in Prologis in the 2nd quarter valued at $9,861,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research reports. Barclays increased their target price on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Mizuho increased their price objective on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Scotiabank lifted their target price on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Down 0.3%

Shares of PLD stock opened at $140.61 on Tuesday. The firm’s fifty day moving average price is $143.05 and its two-hundred day moving average price is $140.04. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35. The firm has a market capitalization of $131.20 billion, a P/E ratio of 31.32 and a beta of 1.31.

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 the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 value of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by corporate insiders.

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.