Meiji Yasuda Asset Management Co Ltd. Makes New $5.89 Million Investment in Prologis, Inc. $PLD

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 43,491 shares of the real estate investment trust’s stock, valued at approximately $5,892,000.

Other hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Prologis during the second quarter worth approximately $156,458,000. LM Advisors LLC purchased a new stake in Prologis in the 2nd quarter worth approximately $243,000. Haverford Trust Co purchased a new stake in Prologis in the 2nd quarter worth approximately $230,000. Bank of Nova Scotia acquired a new stake in shares of Prologis during the 2nd quarter valued at $20,004,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Prologis during the 2nd quarter valued at $100,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Stock Performance

Shares of PLD opened at $141.77 on Monday. The company’s fifty day moving average is $142.53 and its 200-day moving average is $140.36. Prologis, Inc. has a 12 month low of $109.14 and a 12 month 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 quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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 the consensus estimate 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 net margin of 45.79% and a return on equity of 7.29%. Prologis’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other Prologis 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 transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research reports. Scotiabank upped their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. BMO Capital Markets reduced their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Barclays boosted their target price on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.57.

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.