Portfolio Design Labs LLC Purchases Shares of 12,026 Prologis, Inc. $PLD

Portfolio Design Labs LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,026 shares of the real estate investment trust’s stock, valued at approximately $1,629,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the fourth quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Prologis during the 2nd quarter worth approximately $28,000. SouthState Bank Corp grew its holdings in Prologis by 73.1% during 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 in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of Prologis stock opened at $140.51 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52 week low of $107.84 and a 52 week high of $153.35. The firm’s 50 day moving average is $142.66 and its two-hundred day moving average is $140.28. The firm has a market capitalization of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31.

Prologis (NYSE:PLD) last issued 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. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. The company’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. Research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on 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 can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PLD shares. BMO Capital Markets reduced their price objective 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. Raymond James Financial assumed coverage on shares of Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Morgan Stanley increased their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, BTIG Research lifted their price target on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

About Prologis

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.