Ieq Capital LLC Purchases Shares of 21,919 Prologis, Inc. $PLD

Ieq Capital LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,919 shares of the real estate investment trust’s stock, valued at approximately $2,969,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Prologis in the 2nd quarter valued at approximately $14,006,587,000. Geode Capital Management LLC lifted its position 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 during the last quarter. Capital Research Global Investors lifted its position 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 during the last quarter. Norges Bank acquired a new position in shares of Prologis during the fourth quarter worth $1,589,125,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $1,485,917,000 after purchasing an additional 516,765 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLD. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. BTIG Research increased their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Mizuho raised their target price on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling at Prologis

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

Prologis Price Performance

Shares of NYSE:PLD opened at $143.37 on Tuesday. The company’s fifty day moving average price is $142.43 and its 200 day moving average price is $140.45. Prologis, Inc. has a 12 month low of $110.51 and a 12 month 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 firm has a market capitalization of $133.77 billion, a P/E ratio of 31.93 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $1.46 earnings per share. Prologis’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

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.