Empowered Funds LLC Invests $6.60 Million in Prologis, Inc. $PLD

Empowered Funds LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 48,701 shares of the real estate investment trust’s stock, valued at approximately $6,598,000.

Other hedge funds have also added to or reduced their stakes in the company. Solstein Capital LLC bought a new stake in Prologis during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at $25,000. Clearstead Trust LLC bought a new position in shares of Prologis in the 2nd quarter valued at $28,000. SouthState Bank Corp increased its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis during the 4th quarter worth $29,000. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PLD. Truist Financial upped their price objective on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Raymond James Financial initiated coverage on Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating on the stock. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. BTIG Research increased their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Prologis Stock Up 0.1%

Shares of PLD opened at $140.80 on Monday. Prologis, Inc. has a 52 week low of $110.51 and a 52 week high of $153.35. The stock has a market capitalization of $131.38 billion, a price-to-earnings ratio of 31.36 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 has a fifty day moving average of $142.44 and a 200-day moving average of $140.61.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share 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 company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the business posted $1.46 EPS. Prologis’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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

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.