Jefferies Financial Group Inc. bought a new position in shares of Prologis, Inc. (NYSE:PLD – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 304,595 shares of the real estate investment trust’s stock, valued at approximately $41,263,000.
Several other hedge funds also recently modified their holdings of PLD. Solstein Capital LLC bought a new position in Prologis in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter valued at $26,000. Clearstead Trust LLC bought a new position in shares of Prologis in the second quarter valued at $28,000. Finally, SouthState Bank Corp increased its holdings in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.
Insiders Place Their Bets
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were 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 is available at the SEC website. 0.52% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Prologis
Prologis Stock Performance
NYSE:PLD opened at $141.99 on Friday. The stock has a 50 day simple moving average of $142.44 and a 200 day simple moving average of $140.59. The stock has a market cap of $132.49 billion, a P/E ratio of 31.62 and a beta of 1.31. Prologis, Inc. has a 1-year low of $110.51 and a 1-year 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.
Prologis (NYSE:PLD – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.
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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