Great Lakes Advisors LLC Makes New Investment in Prologis, Inc. $PLD

Great Lakes Advisors LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel.com reports. The firm purchased 42,742 shares of the real estate investment trust’s stock, valued at approximately $5,791,000.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the period. Schnieders Capital Management LLC. boosted its position in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the period. Walleye Capital LLC bought a new position in shares of Prologis during the second quarter valued at about $422,000. NewEdge Advisors LLC grew its stake in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after buying an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after buying an additional 10,266 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was 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 available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of several analyst reports. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. BTIG Research increased their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley raised their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Performance

Prologis stock opened at $141.12 on Thursday. 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 firm has a 50-day moving average of $142.80 and a 200-day moving average of $140.21. The firm has a market cap of $131.67 billion, a P/E ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a 1-year low of $107.84 and a 1-year high of $153.35.

Prologis (NYSE:PLD) last announced 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. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.28 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.