OMERS ADMINISTRATION Corp Takes Position in Prologis, Inc. $PLD

OMERS ADMINISTRATION Corp purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 380,429 shares of the real estate investment trust’s stock, valued at approximately $51,537,000.

Other institutional investors have also recently modified their holdings of the company. Solstein Capital LLC purchased a new stake in Prologis in the second quarter worth approximately $25,000. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the fourth quarter valued at about $26,000. Clearstead Trust LLC bought a new position in shares of Prologis during the second quarter valued at about $28,000. Finally, SouthState Bank Corp grew its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PLD shares. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Truist Financial raised their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Mizuho upped their price target on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Barclays raised their target price on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Prologis Trading Down 0.0%

NYSE PLD opened at $141.77 on Monday. 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, Inc. has a twelve month low of $109.14 and a twelve month high of $153.35. The firm has a market capitalization of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The stock’s 50 day moving average is $142.53 and its 200 day moving average is $140.36.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm 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 forecast that Prologis, Inc. will post 6.27 earnings per share 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.