Pallas Capital Advisors LLC Buys New Position in Prologis, Inc. $PLD

Pallas Capital Advisors LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,448 shares of the real estate investment trust’s stock, valued at approximately $3,447,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the period. Geode Capital Management LLC grew its holdings in shares of Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. Norges Bank bought a new stake in shares of Prologis during the fourth quarter valued at approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Prologis by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after purchasing an additional 516,765 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Trading Down 0.3%

Shares of NYSE PLD opened at $140.61 on Tuesday. Prologis, Inc. has a 1-year low of $105.42 and a 1-year high of $153.35. The company has a market cap of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $143.05 and a two-hundred day moving average of $140.04.

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, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s revenue 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, equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wells Fargo & Company lifted their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. DA Davidson upped their target price on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Morgan Stanley increased their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Mizuho raised their price target 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. Sixteen 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 has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

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.