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

N.E.W. Advisory Services LLC bought a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, HoldingsChannel reports. The fund bought 5,801 shares of the real estate investment trust’s stock, valued at approximately $786,000.

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

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

PLD has been the subject of several recent research reports. Mizuho upped their price target 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 lifted their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Truist Financial increased their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Bank of America lifted their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis Trading Up 0.1%

NYSE:PLD opened at $141.10 on Monday. The firm’s fifty day moving average is $143.09 and its 200-day moving average is $139.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a 52 week low of $105.42 and a 52 week high of $153.35. The firm has a market cap of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last posted its quarterly earnings data 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 net margin of 45.79% and a return on equity of 7.29%. The company 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 company posted $1.46 earnings per share. Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current 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.