Commerzbank Aktiengesellschaft FI Buys Shares of 13,736 Prologis, Inc. $PLD

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,736 shares of the real estate investment trust’s stock, valued at approximately $1,861,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLD. Ares Financial Consulting LLC purchased a new position in Prologis during the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC bought a new stake in Prologis during the 4th quarter worth approximately $26,000. Clearstead Trust LLC bought a new stake in Prologis during the 2nd quarter worth approximately $28,000. SouthState Bank Corp lifted 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 worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis in the 4th quarter valued at $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays lifted their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. Finally, Bank of America upped their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Trading Down 0.3%

NYSE PLD opened at $140.61 on Tuesday. Prologis, Inc. has a 1-year low of $105.42 and a 1-year high of $153.35. 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 stock has a 50-day moving average of $143.05 and a 200-day moving average of $140.04. The firm has a market cap of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $1.46 EPS. Prologis’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling 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. Company insiders own 0.52% of the company’s stock.

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.