Bull Harbor Capital LLC Takes $682,000 Position in Prologis, Inc. $PLD

Bull Harbor Capital LLC bought a new stake in Prologis, Inc. (NYSE:PLD) in the first quarter, HoldingsChannel.com reports. The fund bought 5,162 shares of the real estate investment trust’s stock, valued at approximately $682,000.

Other large investors also recently bought and sold shares of the company. High Note Wealth LLC grew its stake in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares in the last quarter. Hibernia Wealth Partners LLC increased its holdings in shares of Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 76 shares during the last quarter. Quadrant Private Wealth Management LLC raised its position in shares of Prologis by 4.4% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 77 shares in the last quarter. Dakota Community Bank & Trust NA lifted its holdings in shares of Prologis by 3.4% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 79 shares during the last quarter. Finally, Dearborn Partners LLC lifted its holdings in shares of Prologis by 4.2% in the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

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 shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the topic of a number of recent research reports. BTIG Research upped their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Truist Financial boosted their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Bank of America increased their price target on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada raised their price target on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $153.81.

Prologis Price Performance

Shares of PLD stock opened at $146.09 on Friday. The stock has a 50 day moving average price of $143.81 and a 200 day moving average price of $139.13. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market capitalization of $136.20 billion, a P/E ratio of 32.54 and a beta of 1.32.

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 the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $1.46 EPS. Prologis’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

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.