Focused Wealth Management Inc Acquires Shares of 3,860 Prologis, Inc. $PLD

Focused Wealth Management Inc bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The fund bought 3,860 shares of the real estate investment trust’s stock, valued at approximately $523,000.

Several other institutional investors have also made changes to their positions in PLD. Sandy Cove Advisors LLC raised its holdings in Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 73 shares in the last quarter. CoreCap Advisors LLC lifted its position in Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 73 shares during the period. Boltwood Capital Management increased its holdings in Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 75 shares during the period. High Note Wealth LLC lifted its holdings in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC boosted its position in shares of Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

NYSE:PLD opened at $140.61 on Tuesday. The company has a market capitalization of $131.20 billion, a P/E ratio of 31.32 and a beta of 1.31. The business has a fifty day simple moving average of $143.05 and a two-hundred day simple moving average of $140.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data 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 analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Barclays upped their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets cut their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was 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 can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

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.