Canada Pension Plan Investment Board Purchases Shares of 4,316,522 Prologis, Inc. $PLD

Canada Pension Plan Investment Board bought a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,316,522 shares of the real estate investment trust’s stock, valued at approximately $584,759,000.

Several other hedge funds have also bought and sold shares of the stock. Solstein Capital LLC purchased a new stake in shares of Prologis in the second quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new position in Prologis during the second quarter worth $25,000. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter valued at about $26,000. Clearstead Trust LLC bought a new position in shares of Prologis during the second quarter valued at approximately $28,000. Finally, SouthState Bank Corp raised its holdings in shares of Prologis by 73.1% in 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 during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Prologis Trading Up 0.1%

Shares of NYSE PLD opened at $143.45 on Wednesday. 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 business has a fifty day simple moving average of $142.38 and a two-hundred day simple moving average of $140.51. The firm has a market cap of $133.85 billion, a PE ratio of 31.95 and a beta of 1.31. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35.

Prologis (NYSE:PLD) last issued 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 return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business earned $1.46 EPS. The business’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. Analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLD has been the subject of a number of research analyst reports. Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Scotiabank lifted their target price on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.