Iyo Bank Ltd. Takes $13.33 Million Position in Prologis, Inc. $PLD

Iyo Bank Ltd. bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent filing with the SEC. The fund bought 98,400 shares of the real estate investment trust’s stock, valued at approximately $13,330,000. Prologis accounts for 4.0% of Iyo Bank Ltd.’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sandy Cove Advisors LLC increased its holdings in Prologis by 1.9% during the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC raised its position in Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 73 shares during the period. Boltwood Capital Management boosted its stake in Prologis by 1.5% in the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC boosted its stake in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC boosted its stake in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Prologis stock opened at $141.77 on Friday. Prologis, Inc. has a one year low of $109.14 and a one year high of $153.35. The business has a fifty day moving average price of $142.53 and a 200-day moving average price of $140.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31.

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, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Activity

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLD. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Wells Fargo & Company increased their price objective on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Truist Financial boosted their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.