Prologis Seeks Approval for Mixed-Shelf Offering

Prologis has registered a mixed shelf offering, which may include common stock, preferred stock, purchase rights, and warrants, separately or together. The company may also offer and sell registered securities by unnamed selling stockholders, including shares received in exchange for partnership units.

Prologis (NYSE:PLD) has registered a mixed shelf offering, which may include common stock, preferred stock, purchase rights, and warrants, either separately or together. The company may also offer and sell registered securities by unnamed selling stockholders, including shares received in exchange for partnership units [1].

This offering comes as Prologis continues to strengthen its financial position and expand its operations. The company reported earnings per share of $1.46 for the latest quarter, exceeding expectations by $0.05, and revenue of $2.03 billion, representing an 8.8% increase from the previous year [2].

Institutional ownership of Prologis remains high, with 93.50% of the stock owned by institutional investors and hedge funds, indicating strong institutional interest in the company [2]. Davis Selected Advisers, one of the significant institutional investors, recently reduced its stake in Prologis by 4.1%, holding 171,756 shares worth approximately $19.2 million after the sale [2].

Several other large investors have also modified their stakes in Prologis. Northern Trust Corp boosted its stake by 54.6% during the fourth quarter, while Valeo Financial Advisors LLC increased its holdings by 282.5% during the first quarter [2]. AMF Tjanstepension AB, another significant investor, increased its holdings in Prologis by 12.4% during the first quarter, now owning approximately $325.87 million worth of shares [3].

Analysts have set new price targets for Prologis, with Truist Financial dropping their price objective to $120.00 and setting a "buy" rating for the company [2]. Wells Fargo & Company set a $137.00 price target on Prologis and gave the stock an "overweight" rating [2]. The stock has been the subject of several research analyst reports, with two analysts assigning a sell rating, seven assigning a hold rating, and ten assigning a buy rating [2].

Shares of PLD traded up $0.59 during midday trading on Tuesday, reaching $104.67. The company's 50-day moving average is $107.34, and its 200-day moving average is $109.42. Prologis has a market cap of $97.14 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.65, and a beta of 1.21 [2].

References:
[1] https://seekingalpha.com/news/4486240-prologis-registers-mixed-shelf-offering
[2] https://www.marketbeat.com/instant-alerts/filing-prologis-inc-nysepld-shares-sold-by-davis-selected-advisers-2025-08-08/
[3] https://www.marketbeat.com/instant-alerts/filing-amf-tjanstepension-ab-has-32587-million-holdings-in-prologis-inc-nysepld-2025-08-08/