J.Safra Asset Management Corp Takes Position in Prologis, Inc. $PLD

J.Safra Asset Management Corp purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,409 shares of the real estate investment trust’s stock, valued at approximately $1,004,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLD. High Point Wealth Management LLC acquired a new position in Prologis in the fourth quarter valued at about $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new stake in shares of Prologis in the 2nd quarter valued at approximately $28,000. SouthState Bank Corp lifted 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 worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter worth approximately $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $141.10 on Monday. Prologis, Inc. has a 52 week low of $105.42 and a 52 week high of $153.35. The company has a fifty day simple moving average of $143.09 and a two-hundred day simple moving average of $139.96. 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 cap of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last released its 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 period last year, the business posted $1.46 earnings per share. Prologis’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 6.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on PLD. BMO Capital Markets lowered their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Citigroup increased their target price on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Finally, Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.