M. Kulyk & Associates LLC Buys New Shares in Prologis, Inc. $PLD

M. Kulyk & Associates LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,226 shares of the real estate investment trust’s stock, valued at approximately $5,585,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 worth $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Prologis during the 2nd quarter valued at about $14,006,587,000. Geode Capital Management LLC grew its stake in Prologis by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares during the period. Capital Research Global Investors grew its stake in Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares during the period. Finally, Norges Bank bought a new stake in Prologis in the fourth quarter worth approximately $1,589,125,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Citigroup lifted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. BTIG Research boosted their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Barclays raised their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Down 0.2%

PLD stock opened at $140.30 on Wednesday. The stock’s 50 day simple moving average is $142.90 and its 200 day simple moving average is $140.13. The company has a market cap of $130.91 billion, a P/E ratio of 31.25 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a fifty-two week low of $107.03 and a fifty-two week 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, beating analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal 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.