First National Bank of Omaha Buys Shares of 15,271 Prologis, Inc. $PLD

First National Bank of Omaha bought a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel.com reports. The institutional investor bought 15,271 shares of the real estate investment trust’s stock, valued at approximately $2,121,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. BlackRock Inc. bought a new position in shares of Prologis during the 2nd quarter worth approximately $14,006,587,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 339,906 shares in the last quarter. Capital Research Global Investors lifted its position in Prologis by 4.4% during the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares during the last quarter. Finally, Norges Bank purchased a new stake in Prologis during the fourth quarter valued at approximately $1,589,125,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Prologis 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Up 0.8%

PLD stock opened at $141.12 on Thursday. The firm has a 50 day moving average of $142.80 and a 200 day moving average of $140.21. The stock has a market capitalization of $131.67 billion, a PE ratio of 31.43 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52 week low of $107.84 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $1.46 EPS. Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating for the company. Truist Financial boosted their target price on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.