EFG International AG Buys Shares of 21,812 Prologis, Inc. $PLD

EFG International AG purchased a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 21,812 shares of the real estate investment trust’s stock, valued at approximately $2,954,000.

Other hedge funds have also recently modified their holdings of the company. Solstein Capital LLC bought a new position in shares of Prologis during the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC bought a new position in Prologis in the second quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Prologis during the fourth quarter worth $26,000. Clearstead Trust LLC purchased a new stake in Prologis during the second quarter worth $28,000. Finally, SouthState Bank Corp boosted its position in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

PLD has been the topic of a number of analyst reports. Truist Financial lifted their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. BTIG Research raised their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Mizuho lifted their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, BMO Capital Markets decreased their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Sixteen investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Down 0.4%

NYSE:PLD opened at $142.70 on Thursday. The company has a market cap of $133.15 billion, a PE ratio of 31.78 and a beta of 1.31. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $142.41 and its two-hundred day moving average is $140.55.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $1.46 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

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.