United Capital Financial Advisors LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 49,776 shares of the real estate investment trust’s stock, valued at approximately $6,743,000.
Other institutional investors have also recently modified their holdings of the company. Schnieders Capital Management LLC. raised its position in shares of Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Prologis by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after purchasing an additional 15,335 shares during the last quarter. Callan Family Office LLC purchased a new position in Prologis during the second quarter worth approximately $3,394,000. BlackRock Inc. acquired a new position in shares of Prologis in the 2nd quarter valued at $14,006,587,000. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of Prologis during the 4th quarter valued at $5,641,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Prologis Stock Performance
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 the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Raymond James Financial began coverage on Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. BTIG Research boosted their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Scotiabank upped their price target on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Truist Financial raised their price objective on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Robert W. Baird set a $140.00 price objective on Prologis in a research note on Friday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.
Check Out Our Latest Stock Report on PLD
About Prologis
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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