The Manufacturers Life Insurance Company Makes New Investment in Prologis, Inc. $PLD

The Manufacturers Life Insurance Company bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 771,793 shares of the real estate investment trust’s stock, valued at approximately $104,555,000. The Manufacturers Life Insurance Company owned 0.08% of Prologis as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sandy Cove Advisors LLC grew its stake in Prologis by 1.9% in the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC raised its position in Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 73 shares in the last quarter. Boltwood Capital Management raised its position in Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 75 shares in the last quarter. High Note Wealth LLC lifted its holdings in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC lifted its holdings in shares of Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 76 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

Shares of NYSE:PLD opened at $143.45 on Wednesday. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The business’s fifty day simple moving average is $142.38 and its 200-day simple moving average is $140.51. The company has a market capitalization of $133.85 billion, a PE ratio of 31.95 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 issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $1.46 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLD has been the topic of several research reports. BTIG Research raised their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Barclays upped their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Raymond James Financial assumed coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Finally, Morgan Stanley boosted their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed 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.