10,845 Shares in Prologis, Inc. $PLD Bought by one8zero8 LLC

one8zero8 LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,845 shares of the real estate investment trust’s stock, valued at approximately $1,469,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Schnieders Capital Management LLC. boosted its holdings in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Prologis by 4.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock valued at $42,790,000 after buying an additional 15,335 shares in the last quarter. Meritage Portfolio Management raised its holdings in shares of Prologis by 45.7% during the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock valued at $3,560,000 after buying an additional 8,747 shares in the last quarter. Merrithew & Thorsten Inc bought a new stake in Prologis in the 4th quarter worth approximately $5,641,000. Finally, The Manufacturers Life Insurance Company lifted its position in Prologis by 4.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock worth $102,151,000 after buying an additional 33,172 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of PLD stock opened at $141.12 on Thursday. The company has a market capitalization of $131.67 billion, a P/E ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $142.80 and a two-hundred day moving average price of $140.21.

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

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Scotiabank boosted their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. BTIG Research upped their price objective 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. BMO Capital Markets reduced their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Finally, Morgan Stanley lifted their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Transactions at Prologis

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