747,463 Shares in Prologis, Inc. $PLD Bought by Korea Investment CORP

Korea Investment CORP acquired a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel reports. The institutional investor acquired 747,463 shares of the real estate investment trust’s stock, valued at approximately $101,259,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new position in shares of Prologis during the 2nd quarter worth about $60,724,000. Ieq Capital LLC bought a new stake in shares of Prologis in the 2nd quarter valued at about $2,969,000. Callan Family Office LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $3,394,000. Keebeck Wealth Management bought a new position in Prologis during the 2nd quarter worth approximately $382,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Prologis during the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.8%

PLD opened at $141.77 on Friday. The stock has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a 12 month low of $109.14 and a 12 month high of $153.35. The firm’s fifty day simple moving average is $142.53 and its 200 day simple moving average is $140.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. 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. As a group, research analysts anticipate 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 transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on PLD. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Truist Financial boosted their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Robert W. Baird set a $140.00 price objective on Prologis in a research note on Friday, July 31st. Finally, Wells Fargo & Company boosted their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.57.

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.