First Trust Advisors LP Increases Stock Holdings in Prologis, Inc. $PLD

First Trust Advisors LP boosted its holdings in Prologis, Inc. (NYSE:PLD) by 38.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,095 shares of the real estate investment trust’s stock after purchasing an additional 88,423 shares during the quarter. First Trust Advisors LP’s holdings in Prologis were worth $41,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Prologis during the 4th quarter worth about $1,589,125,000. Cardano Risk Management B.V. increased its position in Prologis by 999.3% during the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares during the last quarter. Swedbank AB increased its position in Prologis by 36.2% during the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Bessemer Group Inc. raised its stake in Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. raised its stake in Prologis by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLD. DA Davidson boosted their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. UBS Group increased their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Morgan Stanley lifted their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Truist Financial boosted their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Barclays upped their price target on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $153.81.

Prologis Stock Performance

Shares of PLD stock opened at $147.18 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The company has a market cap of $137.22 billion, a PE ratio of 32.78 and a beta of 1.32. The company’s fifty day simple moving average is $143.66 and its 200-day simple moving average is $138.75. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last announced 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 firm 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 company earned $1.46 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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.