Quantbot Technologies LP Takes Position in Prologis, Inc. $PLD

Quantbot Technologies LP acquired a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,046 shares of the real estate investment trust’s stock, valued at approximately $1,767,000.

Several other large investors have also modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in Prologis in the 4th quarter valued at $26,000. High Point Wealth Management LLC acquired a new position in Prologis during the 4th quarter worth $26,000. Clearstead Trust LLC acquired a new position in Prologis during the 2nd quarter worth $28,000. Johnson Financial Group Inc. bought a new stake in Prologis during the second quarter valued at about $29,000. Finally, SouthState Bank Corp boosted its holdings in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

NYSE:PLD opened at $143.37 on Tuesday. 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 company has a 50-day moving average of $142.43 and a 200-day moving average of $140.45. Prologis, Inc. has a 52 week low of $110.51 and a 52 week high of $153.35. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 31.93 and a beta of 1.31.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The firm’s revenue for the quarter 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 6.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Robert W. Baird set a $140.00 price objective on Prologis in a research report on Friday, July 31st. Scotiabank increased their target price on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Mizuho raised their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, BMO Capital Markets dropped their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’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 can be accessed through this link. Insiders own 0.52% of the company’s stock.

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.