5,801 Shares in Prologis, Inc. $PLD Purchased by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC acquired a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,801 shares of the real estate investment trust’s stock, valued at approximately $786,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Prologis during the fourth quarter worth approximately $1,589,125,000. Cardano Risk Management B.V. grew its position in Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after buying an additional 10,207,267 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Prologis during the second quarter worth approximately $742,843,000. Swedbank AB increased its stake in Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Prologis by 8,000.9% in the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after acquiring an additional 1,576,262 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PLD. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. BTIG Research upped their price objective 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. Citigroup increased their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. BMO Capital Markets dropped their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Finally, Scotiabank upped their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.57.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $141.10 on Monday. The stock’s 50-day simple moving average is $143.09 and its 200 day simple moving average is $139.96. The firm has a market capitalization of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. The firm 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.28 EPS 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.