Caisse de depot et placement du Quebec Invests $151.48 Million in Prologis, Inc. $PLD

Caisse de depot et placement du Quebec acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,118,173 shares of the real estate investment trust’s stock, valued at approximately $151,479,000.

Several other hedge funds and other institutional investors have also modified their holdings of PLD. BlackRock Inc. bought a new position in Prologis during the second quarter worth $14,006,587,000. Geode Capital Management LLC boosted its holdings in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the period. Capital Research Global Investors boosted its holdings in Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares during the period. Norges Bank acquired a new stake in Prologis in the 4th quarter worth $1,589,125,000. Finally, Charles Schwab Investment Management Inc. grew its position in Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after purchasing an additional 516,765 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by company insiders.

Prologis Stock Down 0.4%

PLD opened at $142.70 on Thursday. The company has a market capitalization of $133.15 billion, a P/E ratio of 31.78 and a beta of 1.31. 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’s fifty day moving average price is $142.41 and its two-hundred day moving average price is $140.55. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion during 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%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PLD shares. BMO Capital Markets dropped their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. BTIG Research increased their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Raymond James Financial initiated coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Scotiabank boosted their price target on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus 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.