Fairtree Asset Management Pty Ltd Makes New $2.06 Million Investment in Prologis, Inc. $PLD

Fairtree Asset Management Pty Ltd acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,234 shares of the real estate investment trust’s stock, valued at approximately $2,064,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schnieders Capital Management LLC. boosted its stake in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Prologis by 4.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock valued at $42,790,000 after acquiring an additional 15,335 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in shares of Prologis during the 4th quarter worth about $5,641,000. The Manufacturers Life Insurance Company increased its stake in shares of Prologis by 4.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock valued at $102,151,000 after acquiring an additional 33,172 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $14,006,587,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

PLD opened at $140.51 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a 52-week low of $107.84 and a 52-week high of $153.35. The firm has a market cap of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31. The business’s fifty day moving average is $142.66 and its 200-day moving average is $140.28.

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

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PLD shares. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. BTIG Research upped their price target on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Raymond James Financial started coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Barclays raised their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

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.