185,233 Shares in Prologis, Inc. $PLD Purchased by Commerce Bank

Commerce Bank purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 185,233 shares of the real estate investment trust’s stock, valued at approximately $25,094,000.

A number of other large investors have also added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter worth about $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $26,000. Clearstead Trust LLC bought a new position in shares of Prologis during the 2nd quarter valued at approximately $28,000. SouthState Bank Corp increased its stake in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $141.77 on Friday. The company’s 50 day moving average is $142.53 and its 200-day moving average is $140.29. Prologis, Inc. has a 12-month low of $109.14 and a 12-month high of $153.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $132.28 billion, a P/E ratio of 31.57 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 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 analysts’ expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Activity

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PLD. Wells Fargo & Company lifted their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. 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. BMO Capital Markets decreased their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.