Palisade Capital Management LP Takes Position in Prologis, Inc. $PLD

Palisade Capital Management LP acquired a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,606 shares of the real estate investment trust’s stock, valued at approximately $489,000.

Several other institutional investors have also recently made changes to their positions in PLD. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% during 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 acquiring an additional 3,350 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Prologis by 4.8% during the fourth 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 purchasing an additional 15,335 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Prologis during the second quarter valued at approximately $14,006,587,000. Callan Family Office LLC acquired a new position in Prologis in the 2nd quarter valued at $3,394,000. Finally, Merrithew & Thorsten Inc purchased a new position in shares of Prologis in the fourth quarter worth about $5,641,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 SEC, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

Prologis Trading Down 0.4%

NYSE PLD opened at $142.70 on Thursday. The firm’s fifty day moving average is $142.41 and its two-hundred day moving average is $140.55. Prologis, Inc. has a one year low of $110.51 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $133.15 billion, a PE ratio of 31.78 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLD has been the subject of several analyst reports. Truist Financial upped their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Morgan Stanley lifted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, BTIG Research boosted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.