Iyo Bank Ltd. Makes New Investment in Prologis, Inc. $PLD

Iyo Bank Ltd. purchased a new stake in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 98,400 shares of the real estate investment trust’s stock, valued at approximately $13,330,000. Prologis makes up about 4.0% of Iyo Bank Ltd.’s portfolio, making the stock its 6th largest holding.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Prologis in the second quarter worth approximately $14,006,587,000. Norges Bank bought a new stake in Prologis during the fourth quarter valued at approximately $1,589,125,000. Cardano Risk Management B.V. grew its stake in Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after buying an additional 10,207,267 shares in the last quarter. Deutsche Bank AG purchased a new position in Prologis in the 2nd quarter worth approximately $968,959,000. Finally, Bank of New York Mellon Corp purchased a new position in Prologis in the 2nd quarter worth approximately $742,843,000. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 SEC, which is accessible through this link. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLD. Truist Financial raised their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Mizuho upped their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Finally, Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Price Performance

Shares of NYSE:PLD opened at $141.77 on Friday. The stock has a market cap of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The company’s fifty day moving average is $142.53 and its 200 day moving average is $140.29. Prologis, Inc. has a 52 week low of $109.14 and a 52 week high of $153.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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 firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis, Inc. will post 6.28 earnings per share 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.