Trillium Asset Management LLC Purchases Shares of 215,681 Prologis, Inc. $PLD

Trillium Asset Management LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 215,681 shares of the real estate investment trust’s stock, valued at approximately $29,219,000. Prologis makes up about 0.9% of Trillium Asset Management LLC’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors have also recently made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the fourth quarter worth $26,000. Clearstead Trust LLC bought a new stake in Prologis during the 2nd quarter valued at about $28,000. SouthState Bank Corp boosted its holdings in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $140.51 on Friday. The stock’s 50-day moving average is $142.66 and its 200 day moving average is $140.28. Prologis, Inc. has a 1-year low of $107.84 and a 1-year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLD has been the topic of several research reports. Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. 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 note on Wednesday, July 1st. Mizuho raised their target price on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Insider Activity

In related 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by insiders.

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.