Jupiter Topco LLC Takes Position in Prologis, Inc. $PLD

Jupiter Topco LLC bought a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,142,765 shares of the real estate investment trust’s stock, valued at approximately $154,763,000.

A number of other hedge funds also recently bought and sold shares of the business. Solstein Capital LLC bought a new position in Prologis during the second quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Prologis in the 2nd quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $26,000. Clearstead Trust LLC purchased a new stake in shares of Prologis during the 2nd quarter valued at about $28,000. Finally, SouthState Bank Corp lifted its holdings in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.4%

Shares of NYSE PLD opened at $142.70 on Thursday. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The firm has a 50-day simple moving average of $142.41 and a two-hundred day simple moving average of $140.55. The company has a market cap of $133.15 billion, a P/E ratio of 31.78 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick 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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLD shares. Truist Financial lifted their price target on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Mizuho increased their price target on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Sixteen equities 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 a consensus rating of “Moderate Buy” and an average target price of $154.57.

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.