MSH Capital Advisors LLC Makes New $947,000 Investment in Prologis, Inc. $PLD

MSH Capital Advisors LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 6,991 shares of the real estate investment trust’s stock, valued at approximately $947,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Prologis during the 2nd quarter valued at about $14,006,587,000. Norges Bank purchased a new stake in Prologis in the 4th quarter worth about $1,589,125,000. Cardano Risk Management B.V. lifted its stake in Prologis by 999.3% in the fourth quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares during the last quarter. Deutsche Bank AG bought a new stake in Prologis in the second quarter worth about $968,959,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Prologis during the second quarter valued at approximately $742,843,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

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Prologis Stock Performance

Shares of NYSE:PLD opened at $141.12 on Thursday. The firm’s 50 day simple moving average is $142.80 and its 200-day simple moving average is $140.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a one year low of $107.84 and a one year high of $153.35. The firm has a market cap of $131.67 billion, a PE ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Prologis’s quarterly revenue 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 analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho upped their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Robert W. Baird set a $140.00 price target on Prologis in a research note on Friday, July 31st. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Check Out Our Latest Stock Report on PLD

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

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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