West Family Investments Inc. Makes New Investment in Prologis, Inc. $PLD

West Family Investments Inc. purchased a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,405 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Prologis by 46.2% during the first quarter. Jefferies Financial Group Inc. now owns 4,682 shares of the real estate investment trust’s stock valued at $523,000 after acquiring an additional 1,480 shares during the period. Moors & Cabot Inc. raised its holdings in Prologis by 7.6% during the first quarter. Moors & Cabot Inc. now owns 2,304 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 163 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Prologis by 15.6% in the first quarter. PNC Financial Services Group Inc. now owns 534,652 shares of the real estate investment trust’s stock worth $59,769,000 after purchasing an additional 72,124 shares during the period. Finally, Banco Santander S.A. lifted its position in Prologis by 12.0% in the first quarter. Banco Santander S.A. now owns 5,245 shares of the real estate investment trust’s stock worth $586,000 after purchasing an additional 562 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 500 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $123.14, for a total value of $61,570.00. Following the completion of the sale, the director owned 8,829 shares of the company’s stock, valued at $1,087,203.06. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 2,000 shares of company stock valued at $230,415 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial reiterated a “buy” rating and set a $131.00 price target (up from $120.00) on shares of Prologis in a research report on Monday, October 20th. Mizuho set a $118.00 target price on Prologis and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Barclays dropped their price target on shares of Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. BMO Capital Markets raised shares of Prologis from an “underperform” rating to a “market perform” rating and set a $119.00 price target for the company in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prologis in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.39.

Prologis Price Performance

NYSE PLD opened at $128.55 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $129.33. The company has a market cap of $119.41 billion, a PE ratio of 37.48, a PEG ratio of 3.13 and a beta of 1.29. The stock’s 50-day moving average price is $121.56 and its two-hundred day moving average price is $113.21.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 EPS for the quarter, topping the consensus estimate of $1.44 by $0.05. Prologis had a net margin of 36.71% and a return on equity of 5.55%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.