Rakuten Investment Management Inc. Takes Position in Prologis, Inc. $PLD

Rakuten Investment Management Inc. bought a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel reports. The institutional investor bought 152,488 shares of the real estate investment trust’s stock, valued at approximately $21,179,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sandy Cove Advisors LLC grew its holdings in Prologis by 1.9% in the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 73 shares during the period. CoreCap Advisors LLC boosted its position in shares of Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 73 shares in the last quarter. Boltwood Capital Management grew its stake in shares of Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 75 shares during the period. High Note Wealth LLC grew its stake in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC increased its position in Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 76 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

PLD has been the topic of a number of research reports. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Morgan Stanley upped their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Raymond James Financial assumed coverage on Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. Weiss Ratings downgraded shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Barclays boosted their price target on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $154.57.

Prologis Price Performance

Shares of NYSE PLD opened at $140.80 on Friday. The company has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. 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 stock’s 50 day moving average price is $142.44 and its 200-day moving average price is $140.59. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 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 the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s 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, equities analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

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.