Sarasin & Partners LLP Buys 6,239 Shares of Prologis, Inc. $PLD

Sarasin & Partners LLP boosted its stake in Prologis, Inc. (NYSE:PLD) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 700,191 shares of the real estate investment trust’s stock after buying an additional 6,239 shares during the quarter. Sarasin & Partners LLP’s holdings in Prologis were worth $94,855,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PLD. Brighton Jones LLC grew its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Prologis by 45.4% during 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 buying an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Prologis in the 2nd quarter worth approximately $422,000. NewEdge Advisors LLC boosted its stake in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after acquiring an additional 10,266 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research analyst reports. BNP Paribas Exane increased their price target on Prologis from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, UBS Group boosted their price target on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Price Performance

Prologis stock opened at $139.06 on Friday. The business’s 50 day simple moving average is $143.34 and its 200 day simple moving average is $139.49. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $153.35. The company has a market cap of $129.75 billion, a price-to-earnings ratio of 30.97 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (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 last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: RBC Capital Markets upgraded Prologis to a Buy-equivalent rating, providing a favorable analyst view of the company’s growth prospects and valuation. Prologis raised to Buy equivalent at RBC Capital
• Positive Sentiment: Prologis remains exposed to strong demand for logistics facilities and data-center infrastructure, themes that could support occupancy, rents and future development opportunities. Prologis and the data-center land rush
• Neutral Sentiment: On August 5, Prologis announced a public offering of 15 million common shares expected to raise approximately $2.1 billion. The proceeds are intended to help fund the potential SEGRO acquisition, but the transaction remains dependent on completing the deal. Prologis announces public offering to fund potential SEGRO acquisition
• Negative Sentiment: The expanded common-stock offering increases the number of shares outstanding, creating dilution for existing shareholders and likely contributing to the stock’s weaker performance. Investors are also assessing execution and integration risks tied to the potential SEGRO transaction. Prologis raises additional equity capital through share offering

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Company 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.