Simplicity Wealth LLC Purchases New Stake in Prologis, Inc. $PLD

Simplicity Wealth LLC bought a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,067 shares of the real estate investment trust’s stock, valued at approximately $1,228,000.

Several other institutional investors also recently made changes to their positions in PLD. Vanguard Group Inc. increased its position in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after buying an additional 1,258,407 shares during the period. Geode Capital Management LLC grew its holdings in Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares in the last quarter. Capital Research Global Investors raised its stake in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after acquiring an additional 678,363 shares in the last quarter. Norges Bank acquired a new position in Prologis during the 4th quarter worth $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Prologis by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock valued at $1,485,917,000 after purchasing an additional 516,765 shares during the period. 93.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Prologis 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 document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Prologis Stock Up 0.1%

Shares of Prologis stock opened at $141.10 on Monday. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35. The company has a market cap of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31. 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 stock has a 50-day moving average price of $143.09 and a 200 day moving average price of $139.96.

Prologis (NYSE:PLD) last announced 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. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLD shares. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Morgan Stanley boosted their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.