Madison Asset Management LLC Invests $4.01 Million in Prologis, Inc. $PLD

Madison Asset Management LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 29,581 shares of the real estate investment trust’s stock, valued at approximately $4,007,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PLD. Csenge Advisory Group acquired a new position in Prologis during the 2nd quarter valued at about $964,000. AssuredPartners Investment Advisors LLC bought a new position in shares of Prologis in the second quarter valued at approximately $3,436,000. Johnson Financial Group Inc. bought a new position in shares of Prologis in the second quarter valued at approximately $29,000. one8zero8 LLC acquired a new position in shares of Prologis during the second quarter valued at approximately $1,469,000. Finally, West Family Investments Inc. acquired a new position in shares of Prologis during the second quarter valued at approximately $588,000. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at Prologis

In related 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLD has been the subject of a number of research analyst reports. Mizuho upped their target price on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. BTIG Research boosted their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Scotiabank upped their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Price Performance

NYSE PLD opened at $140.51 on Friday. Prologis, Inc. has a 1 year low of $107.84 and a 1 year high of $153.35. The business’s fifty day moving average is $142.66 and its two-hundred day moving average is $140.28. The stock has a market capitalization of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31. 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 (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal 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.