The Manufacturers Life Insurance Company Takes $104.56 Million Position in Prologis, Inc. $PLD

The Manufacturers Life Insurance Company acquired a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 771,793 shares of the real estate investment trust’s stock, valued at approximately $104,555,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sandy Cove Advisors LLC increased its position in Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 73 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 73 shares in the last quarter. Boltwood Capital Management grew its stake in shares of Prologis by 1.5% during the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC grew its stake in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its holdings in shares of Prologis by 2.5% during the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Up 0.1%

Shares of PLD stock opened at $143.45 on Wednesday. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week high of $153.35. The firm has a market capitalization of $133.85 billion, a PE ratio of 31.95 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50-day simple moving average is $142.38 and its 200-day simple moving average is $140.51.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter 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. Equities analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

PLD has been the subject of several research analyst reports. BTIG Research increased their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. BMO Capital Markets decreased their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.