35,718 Shares in Prologis, Inc. $PLD Acquired by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 35,718 shares of the real estate investment trust’s stock, valued at approximately $4,839,000.

Several other hedge funds also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the second quarter worth $25,000. Solstein Capital LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $25,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis in the 4th quarter valued at $26,000. Clearstead Trust LLC bought a new stake in shares of Prologis in the 2nd quarter valued at $28,000. Finally, Johnson Financial Group Inc. acquired a new stake in Prologis during the 2nd quarter worth $29,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was 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 through the SEC website. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. BMO Capital Markets lowered their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Truist Financial raised 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. Morgan Stanley lifted their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Sixteen 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.

Prologis Trading Down 0.4%

Shares of NYSE:PLD opened at $141.99 on Friday. The firm has a market cap of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The company’s fifty day simple moving average is $142.44 and its 200 day simple moving average is $140.59. 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 (NYSE:PLD) last announced its earnings results 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. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal 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.