Daiichi Life Insurance Co. Ltd. Purchases Shares of 56,551 Prologis, Inc. $PLD

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,551 shares of the real estate investment trust’s stock, valued at approximately $7,661,000.

Several other large investors have also modified their holdings of PLD. Ares Financial Consulting LLC acquired a new stake in shares of Prologis in the fourth quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new position in Prologis during the fourth quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new position in Prologis during the second quarter worth approximately $29,000. Finally, SouthState Bank Corp raised its stake 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. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLD shares. Wells Fargo & Company lifted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. Morgan Stanley lifted their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. BMO Capital Markets lowered their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on 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 through the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Trading Up 0.8%

Shares of PLD stock opened at $141.77 on Friday. The stock has a market cap of $132.28 billion, a price-to-earnings ratio of 31.57 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. Prologis, Inc. has a fifty-two week low of $109.14 and a fifty-two week high of $153.35. The firm’s 50 day moving average price is $142.53 and its two-hundred day moving average price is $140.29.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. 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.

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.