Nissay Asset Management Corp Japan Acquires 5,250 Shares of Prologis, Inc. $PLD

Nissay Asset Management Corp Japan raised its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,416 shares of the real estate investment trust’s stock after purchasing an additional 5,250 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Prologis were worth $36,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLD. Solstein Capital LLC bought a new position in shares of Prologis in the second quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Prologis during the 2nd quarter worth about $25,000. Clearstead Trust LLC bought a new stake in shares of Prologis during the 2nd quarter worth about $28,000. SouthState Bank Corp grew its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Mizuho raised their price objective 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. Morgan Stanley upped their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Truist Financial increased their target price on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.57.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by corporate insiders.

Prologis Stock Performance

NYSE PLD opened at $140.80 on Friday. The firm has a 50-day moving average price of $142.44 and a two-hundred day moving average price of $140.59. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The company has a market capitalization of $131.38 billion, a P/E ratio of 31.36 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 (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 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 for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $1.46 earnings per share. The business’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. Analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Prologis Company 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.