Landscape Capital Management L.L.C. Acquires New Holdings in Prologis, Inc. $PLD

Landscape Capital Management L.L.C. purchased a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 59,103 shares of the real estate investment trust’s stock, valued at approximately $8,007,000. Prologis comprises approximately 0.5% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 24th largest holding.

Several other hedge funds also recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter valued at about $26,000. High Point Wealth Management LLC bought a new position in Prologis in the 4th quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in Prologis during the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new stake in Prologis during the 2nd quarter worth approximately $29,000. Finally, SouthState Bank Corp grew its holdings 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 last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PLD shares. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets decreased their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Up 0.8%

Shares of Prologis stock opened at $141.77 on Friday. The stock’s 50-day moving average is $142.53 and its 200 day moving average is $140.29. Prologis, Inc. has a one year low of $109.14 and a one year high of $153.35. The firm has a market cap of $132.28 billion, a price-to-earnings ratio of 31.57 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.

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

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.