Strategic Investment Advisors MI Makes New $1.28 Million Investment in Prologis, Inc. $PLD

Strategic Investment Advisors MI acquired a new position in Prologis, Inc. (NYSE:PLD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,669 shares of the real estate investment trust’s stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Prologis in the 4th quarter valued at $1,589,125,000. Cardano Risk Management B.V. lifted its stake in shares of Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. Swedbank AB boosted its position in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after buying an additional 2,038,329 shares during the period. Bessemer Group Inc. boosted its position in shares of Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLD shares. JPMorgan Chase & Co. raised their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Jefferies Financial Group dropped their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Robert W. Baird upped their target price on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Finally, Citigroup upped their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.81.

Prologis Price Performance

PLD opened at $146.09 on Friday. The company has a market capitalization of $136.20 billion, a P/E ratio of 32.54 and a beta of 1.32. The company has a 50-day moving average of $143.81 and a 200-day moving average of $139.13. 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 1-year low of $103.41 and a 1-year high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data 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. The firm had revenue of $2.43 billion for 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 in the prior year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal 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.