Empowered Funds LLC Raises Position in Prologis, Inc. $PLD

Empowered Funds LLC grew its stake in Prologis, Inc. (NYSE:PLD) by 22.3% during the first quarter, Holdings Channel reports. The firm owned 53,096 shares of the real estate investment trust’s stock after purchasing an additional 9,682 shares during the period. Empowered Funds LLC’s holdings in Prologis were worth $7,018,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Prologis in the 4th quarter valued at $1,589,125,000. Cardano Risk Management B.V. lifted its stake in Prologis by 999.3% during the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after acquiring an additional 10,207,267 shares in the last quarter. Swedbank AB boosted its holdings in Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after acquiring an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated 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 SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

PLD has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a report on Wednesday. BMO Capital Markets cut their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Scotiabank increased their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 28th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.00.

Prologis Trading Down 0.9%

Shares of Prologis stock opened at $144.94 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $153.35. The firm has a market cap of $135.24 billion, a PE ratio of 32.28 and a beta of 1.32. The stock has a fifty day moving average price of $143.78 and a 200-day moving average price of $139.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.51.

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 company had revenue of $2.43 billion for 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current 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.