Livforsakringsbolaget Skandia Omsesidigt Purchases New Holdings in Prologis, Inc. $PLD

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,024 shares of the real estate investment trust’s stock, valued at approximately $951,000.

A number of other hedge funds have also recently added to or reduced their stakes in PLD. Solstein Capital LLC acquired a new stake in shares of Prologis during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC acquired a new position in Prologis in the second quarter valued at about $25,000. Clearstead Trust LLC bought a new stake in Prologis during the second quarter worth about $28,000. SouthState Bank Corp lifted its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis during the fourth quarter worth about $29,000. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.7%

Shares of Prologis stock opened at $140.80 on Friday. The firm has a market capitalization of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. 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 firm’s 50 day moving average is $142.44 and its 200 day moving average is $140.59. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35.

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, beating the consensus estimate 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PLD shares. Mizuho raised their target price on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Barclays upped their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, BTIG Research boosted their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

About Prologis

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.