Czech National Bank Acquires 12,218 Shares of Prologis, Inc. $PLD

by · The Cerbat Gem

Czech National Bank boosted its stake in Prologis, Inc. (NYSE:PLD – Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 265,379 shares of the real estate investment trust’s stock after acquiring an additional 12,218 shares during the period. Czech National Bank’s holdings in Prologis were worth $35,951,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLD. Ares Financial Consulting LLC bought a new stake in shares of Prologis in the 4th quarter worth approximately $26,000. High Point Wealth Management LLC bought a new position in Prologis during the fourth quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis in the fourth quarter worth $27,000. SouthState Bank Corp increased its position in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the fourth quarter valued at $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $139.06 on Friday. The company’s fifty day moving average price is $143.34 and its 200-day moving average price is $139.49. The firm has a market capitalization of $129.75 billion, a price-to-earnings ratio of 30.97 and a beta of 1.31. Prologis, Inc. has a one year low of $103.41 and a one year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD – Get Free Report) last released its 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 return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 EPS. Prologis’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, equities research analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Activity

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

  • Positive Sentiment: RBC Capital Markets upgraded Prologis to a Buy-equivalent rating, providing a favorable analyst view of the company’s growth prospects and valuation. Prologis raised to Buy equivalent at RBC Capital
  • Positive Sentiment: Prologis remains exposed to strong demand for logistics facilities and data-center infrastructure, themes that could support occupancy, rents and future development opportunities. Prologis and the data-center land rush
  • Neutral Sentiment: On August 5, Prologis announced a public offering of 15 million common shares expected to raise approximately $2.1 billion. The proceeds are intended to help fund the potential SEGRO acquisition, but the transaction remains dependent on completing the deal. Prologis announces public offering to fund potential SEGRO acquisition
  • Negative Sentiment: The expanded common-stock offering increases the number of shares outstanding, creating dilution for existing shareholders and likely contributing to the stock’s weaker performance. Investors are also assessing execution and integration risks tied to the potential SEGRO transaction. Prologis raises additional equity capital through share offering

Analysts Set New Price Targets

Several equities research analysts have commented on PLD shares. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report 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 on the stock in a research note on Monday, June 29th. Truist Financial lifted their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Barclays boosted their target price on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Sixteen 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, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Check Out Our Latest Stock Report on PLD

Prologis Profile

(Free Report)

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.

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