41,226 Shares in Prologis, Inc. $PLD Purchased by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC purchased a new stake in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 41,226 shares of the real estate investment trust’s stock, valued at approximately $5,585,000.

A number of other hedge funds have also added to or reduced their stakes in PLD. Vanguard Group Inc. increased its holdings in Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares in the last quarter. BlackRock Inc. bought a new position in shares of Prologis in the second quarter valued at approximately $14,006,587,000. Geode Capital Management LLC lifted its holdings in shares of Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Prologis during the fourth quarter valued at approximately $1,589,125,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Citigroup upped their price target on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. BTIG Research lifted their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Truist Financial upped their target price on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Performance

Shares of PLD opened at $140.30 on Wednesday. The stock has a 50 day moving average of $142.90 and a 200 day moving average of $140.13. 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 12 month low of $107.03 and a 12 month high of $153.35. 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 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. The business had revenue of $2.43 billion for 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 business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insider Activity 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 value of $539,550.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

About Prologis

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.