Sumitomo Life Insurance Co. Makes New $1.13 Million Investment in Prologis, Inc. $PLD

Sumitomo Life Insurance Co. purchased a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel reports. The institutional investor purchased 8,373 shares of the real estate investment trust’s stock, valued at approximately $1,134,000.

Several other large investors also recently made changes to their positions in the business. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in Prologis during the second quarter valued at approximately $28,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the fourth quarter worth approximately $29,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PLD. Truist Financial lifted their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Barclays raised their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, BTIG Research boosted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Performance

Shares of PLD opened at $141.77 on Friday. Prologis, Inc. has a one year low of $109.14 and a one year high of $153.35. The company has a 50-day moving average of $142.53 and a two-hundred day moving average of $140.29. The stock has a market cap of $132.28 billion, a price-to-earnings ratio of 31.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.16 billion. During the same period last year, the firm posted $1.46 earnings per share. The firm’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. On average, equities research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.