West Family Investments Inc. Buys New Shares in Prologis, Inc. $PLD

West Family Investments Inc. acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,338 shares of the real estate investment trust’s stock, valued at approximately $588,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Prologis during the second quarter worth approximately $14,006,587,000. Norges Bank bought a new position in Prologis during the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. raised its position in shares of Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares during the period. Deutsche Bank AG bought a new position in Prologis in the second quarter valued at approximately $968,959,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Prologis in the 2nd quarter valued at about $742,843,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PLD. Morgan Stanley lifted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Wells Fargo & Company boosted their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Price Performance

Shares of NYSE:PLD opened at $141.12 on Thursday. Prologis, Inc. has a one year low of $107.84 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $131.67 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The company’s fifty day moving average price is $142.80 and its 200-day moving average price is $140.21.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Transactions at Prologis

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 stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Prologis Company 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.