Great Lakes Advisors LLC Takes $100.23 Million Position in Prologis, Inc. $PLD

Great Lakes Advisors LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 739,862 shares of the real estate investment trust’s stock, valued at approximately $100,229,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in Prologis during the 2nd quarter valued at $90,758,000. Diversify Advisory Services LLC purchased a new position in shares of Prologis in the 2nd quarter worth $1,105,000. Wealthfront Advisers LLC purchased a new position in shares of Prologis in the 2nd quarter worth $17,204,000. Strategic Wealth Advisors LLC bought a new stake in shares of Prologis in the second quarter worth $45,000. Finally, Main Street Financial Solutions LLC increased its position in Prologis by 14.8% during the second quarter. Main Street Financial Solutions LLC now owns 3,569 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.2%

Shares of PLD stock opened at $140.30 on Wednesday. The company has a market capitalization of $130.91 billion, a price-to-earnings ratio of 31.25 and a beta of 1.31. Prologis, Inc. has a one year low of $107.03 and a one year high of $153.35. The company’s fifty day moving average price is $142.90 and its 200-day moving average price is $140.13. 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 released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (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 analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on PLD shares. BTIG Research raised their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Raymond James Financial began coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. BMO Capital Markets dropped their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Finally, Scotiabank raised their price objective 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. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

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.