Cibc World Market Inc. Buys Shares of 300,906 Prologis, Inc. $PLD

Cibc World Market Inc. bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 300,906 shares of the real estate investment trust’s stock, valued at approximately $40,764,000.

Several other institutional investors also recently modified their holdings of PLD. Solstein Capital LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter valued at approximately $28,000. Finally, SouthState Bank Corp grew 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 valued at $29,000 after purchasing an additional 95 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD opened at $141.77 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a twelve month low of $109.14 and a twelve month high of $153.35. The firm’s 50 day moving average price is $142.53 and its two-hundred day moving average price is $140.36. 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 issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLD. Scotiabank increased their target price on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Morgan Stanley boosted their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Mizuho upped their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $154.57.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

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.