Nisa Investment Advisors LLC Has $64.40 Million Holdings in Prologis, Inc. (NYSE:PLD)

Nisa Investment Advisors LLC reduced its stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 573,417 shares of the real estate investment trust's stock after selling 9,582 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Prologis worth $64,400,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLD. Nordea Investment Management AB boosted its position in shares of Prologis by 380.0% in the first quarter. Nordea Investment Management AB now owns 333,022 shares of the real estate investment trust's stock valued at $43,046,000 after acquiring an additional 263,649 shares during the period. Janney Capital Management LLC boosted its position in shares of Prologis by 18.8% during the fourth quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust's stock worth $3,182,000 after buying an additional 3,773 shares during the period. Swedbank AB grew its stake in shares of Prologis by 9.2% during the 2nd quarter. Swedbank AB now owns 5,002,274 shares of the real estate investment trust's stock worth $561,805,000 after acquiring an additional 420,687 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Prologis by 36.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 162,990 shares of the real estate investment trust's stock valued at $18,305,000 after purchasing an additional 43,235 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC acquired a new position in Prologis during the fourth quarter worth $18,551,000. Institutional investors own 93.50% of the company's stock.

Prologis Stock Performance

Shares of PLD stock traded up $1.87 during trading hours on Monday, hitting $124.72. The stock had a trading volume of 1,664,608 shares, compared to its average volume of 3,696,798. Prologis, Inc. has a twelve month low of $96.64 and a twelve month high of $137.52. The stock's 50 day moving average is $118.15 and its 200 day moving average is $119.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.29. The firm has a market capitalization of $115.47 billion, a PE ratio of 36.47, a PEG ratio of 3.02 and a beta of 1.06.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.41). The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. Prologis had a net margin of 36.37% and a return on equity of 4.88%. Prologis's revenue for the quarter was down 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, research analysts forecast that Prologis, Inc. will post 5.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on PLD shares. Scotiabank increased their target price on Prologis from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of Prologis from a "sell" rating to a "hold" rating in a research report on Thursday, July 18th. Bank of America reissued a "neutral" rating and issued a $128.00 price target on shares of Prologis in a report on Monday, August 12th. Morgan Stanley raised their price objective on Prologis from $132.00 to $133.00 and gave the company an "overweight" rating in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group increased their price target on shares of Prologis from $140.00 to $156.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $131.81.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.