TFR Capital LLC. Buys New Shares in Prologis, Inc. $PLD

TFR Capital LLC. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,535 shares of the real estate investment trust’s stock, valued at approximately $614,000.

Other large investors also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter valued at $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the 4th quarter worth $26,000. Clearstead Trust LLC purchased a new position in shares of Prologis in the 2nd quarter worth $28,000. SouthState Bank Corp raised its position 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 worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Citigroup lifted their price objective on Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Sixteen research 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, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Down 0.1%

Shares of Prologis stock opened at $141.10 on Friday. The company has a fifty day moving average price of $143.09 and a 200 day moving average price of $139.86. 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, Inc. has a twelve month low of $105.42 and a twelve month high of $153.35. The stock has a market cap of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) 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 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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned $1.46 EPS. The firm’s quarterly 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. Equities research analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by 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.