Prologis, Inc. $PLD Shares Acquired by Eastern Bank

Eastern Bank lifted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 388,922 shares of the real estate investment trust’s stock after purchasing an additional 20,159 shares during the quarter. Eastern Bank’s holdings in Prologis were worth $52,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Prologis during the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. raised its stake in shares of Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after acquiring an additional 10,207,267 shares during the period. Swedbank AB raised its stake in shares of Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after acquiring an additional 2,038,329 shares during the period. Bessemer Group Inc. increased its holdings in Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after purchasing an additional 1,576,262 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Prologis by 1.0% in the 4th 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 purchasing an additional 1,258,407 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLD has been the topic of a number of research reports. UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Morgan Stanley increased their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. 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. Finally, Jefferies Financial Group dropped their target price on Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Prologis Price Performance

PLD stock opened at $144.18 on Tuesday. The business’s 50-day moving average is $143.75 and its two-hundred day moving average is $139.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $134.54 billion, a P/E ratio of 32.11 and a beta of 1.31. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Activity at Prologis

In other 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 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.