EFG International AG Purchases Shares of 21,812 Prologis, Inc. $PLD

EFG International AG purchased a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,812 shares of the real estate investment trust’s stock, valued at approximately $2,954,000.

Other institutional investors have also recently made changes to their positions in the company. Schnieders Capital Management LLC. lifted its stake in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased 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 purchasing an additional 15,335 shares during the last quarter. BlackRock Inc. bought a new position in shares of Prologis during the 2nd quarter valued at approximately $14,006,587,000. Callan Family Office LLC purchased a new stake in Prologis during the 2nd quarter valued at $3,394,000. Finally, Merrithew & Thorsten Inc bought a new stake in Prologis in the fourth quarter worth $5,641,000. Institutional investors own 93.50% of the company’s stock.

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 filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Prologis Price Performance

Prologis stock opened at $142.70 on Thursday. 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 stock has a market cap of $133.15 billion, a price-to-earnings ratio of 31.78 and a beta of 1.31. The firm has a 50-day moving average of $142.41 and a two-hundred day moving average of $140.55. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS 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 for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $1.46 earnings per share. The company’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. On average, research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLD shares. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Wells Fargo & Company increased their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets dropped their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, BTIG Research increased their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.