Proficio Capital Partners LLC Acquires Shares of 3,870 Prologis, Inc. $PLD

Proficio Capital Partners LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,870 shares of the real estate investment trust’s stock, valued at approximately $524,000.

Other large investors have also recently modified their holdings of the company. Sandy Cove Advisors LLC lifted its position in shares of Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 73 shares in the last quarter. Boltwood Capital Management grew its position in Prologis by 1.5% in the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC grew its position in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC raised its stake in Prologis by 2.5% during the first 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. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PLD shares. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Wells Fargo & Company decreased their price target on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a report on Tuesday. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.52.

Insiders Place Their Bets

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 document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Prologis Price Performance

Prologis stock opened at $136.60 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $127.46 billion, a PE ratio of 30.42 and a beta of 1.30. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The stock has a 50-day moving average price of $142.16 and a two-hundred day moving average price of $140.61.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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 firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts expect that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 95.32%.

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.