Proficio Capital Partners LLC Takes Position in Prologis, Inc. $PLD

Proficio Capital Partners LLC purchased a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,870 shares of the real estate investment trust’s stock, valued at approximately $524,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the period. Walleye Capital LLC bought a new stake in shares of Prologis during the second quarter worth $422,000. NewEdge Advisors LLC raised its position in shares of Prologis by 6.8% during the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Prologis by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock valued at $45,550,000 after acquiring an additional 10,266 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PLD shares. Mizuho raised their price target on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. BTIG Research upped their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Down 0.4%

NYSE:PLD opened at $141.99 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 12-month low of $110.51 and a 12-month high of $153.35. The stock’s fifty day simple moving average is $142.44 and its 200-day simple moving average is $140.59. The firm has a market capitalization of $132.49 billion, a P/E ratio of 31.62 and a beta of 1.31.

Prologis (NYSE:PLD) last released 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. Prologis had a return on equity of 7.29% and a net margin of 45.79%.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 prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Activity

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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

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.