Cardano Risk Management B.V. lessened its stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,174,787 shares of the real estate investment trust’s stock after selling 7,523 shares during the quarter. Prologis makes up approximately 1.2% of Cardano Risk Management B.V.’s portfolio, making the stock its 23rd biggest position. Cardano Risk Management B.V. owned 0.13% of Prologis worth $159,148,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sandy Cove Advisors LLC raised its holdings in Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 73 shares during the last quarter. Boltwood Capital Management grew its holdings in Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC increased its position in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC increased its position in shares of Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares during the period. Institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Scotiabank boosted their price target on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $160.00 in a research report on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.
Prologis Trading Up 0.7%
NYSE:PLD opened at $140.06 on Friday. The company has a 50-day moving average price of $143.26 and a 200-day moving average price of $139.50. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a market cap of $130.69 billion, a price-to-earnings ratio of 31.19 and a beta of 1.31.
Prologis (NYSE:PLD – Get Free Report) last announced 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 firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.
Insider Buying and Selling
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.
Prologis Company Profile
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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