Royal London Asset Management Ltd. Has $105.58 Million Position in Prologis, Inc. $PLD

Royal London Asset Management Ltd. cut its position in Prologis, Inc. (NYSE:PLD) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 779,385 shares of the real estate investment trust’s stock after selling 3,799 shares during the period. Royal London Asset Management Ltd.’s holdings in Prologis were worth $105,583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Prologis during the 2nd quarter valued at about $14,006,587,000. Geode Capital Management LLC increased its stake in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors raised its holdings in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares during the period. Norges Bank acquired a new stake in Prologis during the 4th quarter worth approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Prologis by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after buying an additional 516,765 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PLD shares. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Barclays boosted their price objective on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley increased their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, BTIG Research upped their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Price Performance

Shares of PLD opened at $140.80 on Friday. 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 company’s fifty day simple moving average is $142.44 and its 200 day simple moving average is $140.59. Prologis, Inc. has a 1-year low of $110.51 and a 1-year high of $153.35. The company has a market cap of $131.38 billion, a price-to-earnings ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD) last announced 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. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

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.