Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,751 shares of the real estate investment trust’s stock, valued at approximately $508,000.
Other large investors have also recently bought and sold shares of the company. Solstein Capital LLC acquired a new stake in Prologis during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new position in Prologis during the 2nd quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of Prologis in the 2nd quarter valued at about $28,000. Finally, SouthState Bank Corp increased its holdings in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Raymond James Financial started coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Scotiabank upped their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Mizuho increased their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Truist Financial boosted their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Prologis presently has an average rating of “Moderate Buy” and an average target price of $154.57.
Insider Activity at Prologis
In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.
Prologis Stock Performance
PLD stock opened at $143.45 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $133.85 billion, a price-to-earnings ratio of 31.95 and a beta of 1.31. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The firm has a 50 day moving average of $142.38 and a two-hundred day moving average of $140.51.
Prologis (NYSE:PLD – Get Free Report) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.
Prologis 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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