Principle Wealth Partners LLC Buys Shares of 4,839 Prologis, Inc. $PLD

Principle Wealth Partners LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel reports. The firm purchased 4,839 shares of the real estate investment trust’s stock, valued at approximately $656,000.

A number of other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the fourth quarter worth $26,000. Clearstead Trust LLC acquired a new position in Prologis in the second quarter valued at $28,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the fourth quarter valued at $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 0.3%

Shares of NYSE PLD opened at $140.61 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $131.20 billion, a PE ratio of 31.32 and a beta of 1.31. The company’s fifty day simple moving average is $143.05 and its 200 day simple moving average is $140.04. Prologis, Inc. has a 12-month low of $105.42 and a 12-month high of $153.35.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’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. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insider Activity at Prologis

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 value of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLD. Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Morgan Stanley boosted their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company upped their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. BTIG Research raised their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, DA Davidson lifted their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.