Moore Capital Management LP Buys 18,503 Shares of Prologis, Inc. $PLD

Moore Capital Management LP lifted its stake in Prologis, Inc. (NYSE:PLD) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 169,271 shares of the real estate investment trust’s stock after purchasing an additional 18,503 shares during the quarter. Moore Capital Management LP’s holdings in Prologis were worth $22,931,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Schnieders Capital Management LLC. boosted its holdings in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Prologis by 4.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after purchasing an additional 15,335 shares during the period. Callan Family Office LLC bought a new stake in shares of Prologis during the second quarter worth $3,394,000. BlackRock Inc. purchased a new stake in shares of Prologis during the second quarter valued at $14,006,587,000. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of Prologis during the fourth quarter valued at $5,641,000. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent analyst reports. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Barclays upped their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. BTIG Research lifted their price target on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Up 0.1%

NYSE:PLD opened at $140.80 on Monday. 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, Inc. has a 1-year low of $110.51 and a 1-year high of $153.35. The company has a 50-day moving average of $142.44 and a 200 day moving average of $140.61. The firm has a market cap of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm posted $1.46 EPS. The company’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. As a group, research analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.