Cibc World Market Inc. Takes Position in Prologis, Inc. $PLD

Cibc World Market Inc. bought a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 300,906 shares of the real estate investment trust’s stock, valued at approximately $40,764,000.

A number of other hedge funds have also made changes to their positions in PLD. 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 worth $1,128,000 after purchasing an additional 3,350 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in 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 worth $42,790,000 after buying an additional 15,335 shares in the last quarter. Merrithew & Thorsten Inc acquired a new position in Prologis during the 4th quarter worth about $5,641,000. Callan Family Office LLC bought a new stake in Prologis during the 2nd quarter worth about $3,394,000. Finally, The Manufacturers Life Insurance Company increased its position in 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 in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.0%

Shares of NYSE PLD opened at $141.77 on Monday. The firm has a market capitalization of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 1 year low of $109.14 and a 1 year high of $153.35. The firm’s 50-day moving average is $142.53 and its 200-day moving average is $140.36.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. Prologis’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. Equities analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLD. BTIG Research boosted their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Raymond James Financial started coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating for the company. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.