Capital Square LLC Takes $976,000 Position in Prologis, Inc. $PLD

Capital Square LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,930 shares of the real estate investment trust’s stock, valued at approximately $976,000.

Several other institutional investors also recently modified their holdings of PLD. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Prologis during the 2nd quarter worth about $5,892,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Prologis in the 2nd quarter valued at about $156,458,000. LM Advisors LLC acquired a new stake in shares of Prologis in the second quarter valued at about $243,000. Haverford Trust Co acquired a new stake in shares of Prologis in the second quarter valued at about $230,000. Finally, Bank of Nova Scotia bought a new position in shares of Prologis during the second quarter worth about $20,004,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Truist Financial raised their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BTIG Research upped their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Mizuho lifted 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. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.57.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.0%

Shares of Prologis stock opened at $141.77 on Monday. Prologis, Inc. has a one year low of $109.14 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day moving average is $142.53 and its 200 day moving average is $140.36. The firm has a market cap of $132.28 billion, a price-to-earnings ratio of 31.57 and a beta of 1.31.

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 the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during 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 firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis 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.