Prologis, Inc. $PLD is Resolution Capital Ltd’s 7th Largest Position

Resolution Capital Ltd reduced its stake in Prologis, Inc. (NYSE:PLD) by 23.8% in the 1st quarter, Holdings Channel reports. The firm owned 2,358,259 shares of the real estate investment trust’s stock after selling 736,910 shares during the quarter. Prologis accounts for approximately 6.6% of Resolution Capital Ltd’s portfolio, making the stock its 7th biggest position. Resolution Capital Ltd’s holdings in Prologis were worth $311,715,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis in the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% in 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 period. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Robert W. Baird raised their target price on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. BMO Capital Markets dropped their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Finally, Jefferies Financial Group dropped their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.81.

Insider Buying and Selling at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’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 available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Prologis Trading Down 0.0%

NYSE PLD opened at $147.23 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35. The company has a 50-day simple moving average of $143.76 and a 200-day simple moving average of $138.89. The firm has a market capitalization of $137.27 billion, a PE ratio of 32.79 and a beta of 1.32.

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