Flputnam Investment Management Co. Makes New $8.51 Million Investment in Prologis, Inc. $PLD

Flputnam Investment Management Co. bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The fund bought 62,832 shares of the real estate investment trust’s stock, valued at approximately $8,512,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schnieders Capital Management LLC. increased its position in shares of Prologis by 45.4% in the second 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 during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Prologis by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after purchasing an additional 15,335 shares during the period. Meritage Portfolio Management grew its stake in Prologis by 45.7% during the fourth quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock worth $3,560,000 after buying an additional 8,747 shares in the last quarter. Merrithew & Thorsten Inc acquired a new stake in Prologis during the fourth quarter worth about $5,641,000. Finally, Merit Financial Group LLC increased its holdings in Prologis by 38.2% in the 4th quarter. Merit Financial Group LLC now owns 29,835 shares of the real estate investment trust’s stock valued at $3,809,000 after buying an additional 8,240 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. BTIG Research increased their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley lifted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Truist Financial upped their target price on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Prologis Stock Performance

Shares of PLD stock opened at $141.10 on Monday. The firm has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 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. The business’s 50-day moving average price is $143.09 and its 200-day moving average price is $139.96. Prologis, Inc. has a 12 month low of $105.42 and a 12 month high of $153.35.

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 company 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 firm’s revenue 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 research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Prologis 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.