747,463 Shares in Prologis, Inc. $PLD Purchased by Korea Investment CORP

Korea Investment CORP purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 747,463 shares of the real estate investment trust’s stock, valued at approximately $101,259,000. Korea Investment CORP owned about 0.08% of Prologis as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Prologis by 1.0% in the fourth 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 acquiring an additional 1,258,407 shares during the last quarter. BlackRock Inc. bought a new stake in Prologis during the 2nd quarter worth approximately $14,006,587,000. Geode Capital Management LLC grew its position in Prologis by 1.5% during the 4th 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 acquiring an additional 339,906 shares during the last quarter. Capital Research Global Investors increased its holdings in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. Finally, Norges Bank acquired a new stake in Prologis during the 4th quarter valued at $1,589,125,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated 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 at the SEC website. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays boosted their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Raymond James Financial assumed coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating on the stock. Truist Financial raised their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Up 0.8%

NYSE PLD opened at $141.77 on Friday. The stock has a fifty day moving average of $142.53 and a 200-day moving average of $140.29. The stock has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a 52 week low of $109.14 and a 52 week high of $153.35. 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 (NYSE:PLD) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Prologis Company 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.