NewEdge Advisors LLC Purchases 8,741 Shares of Prologis, Inc. $PLD

NewEdge Advisors LLC lifted its position in Prologis, Inc. (NYSE:PLD) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 667,027 shares of the real estate investment trust’s stock after buying an additional 8,741 shares during the period. NewEdge Advisors LLC’s holdings in Prologis were worth $88,168,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PLD. Ares Financial Consulting LLC acquired a new stake in Prologis in the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new position in shares of Prologis during the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Prologis during the 4th quarter valued at $27,000. SouthState Bank Corp lifted its holdings in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Prologis in the 4th quarter worth $29,000. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLD. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Bank of America raised their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BMO Capital Markets dropped their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Wells Fargo & Company upped their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Prologis News Summary

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: RBC Capital Markets upgraded Prologis to a Buy-equivalent rating, providing a favorable analyst view of the company’s growth prospects and valuation. Prologis raised to Buy equivalent at RBC Capital
• Positive Sentiment: Prologis remains exposed to strong demand for logistics facilities and data-center infrastructure, themes that could support occupancy, rents and future development opportunities. Prologis and the data-center land rush
• Neutral Sentiment: On August 5, Prologis announced a public offering of 15 million common shares expected to raise approximately $2.1 billion. The proceeds are intended to help fund the potential SEGRO acquisition, but the transaction remains dependent on completing the deal. Prologis announces public offering to fund potential SEGRO acquisition
• Negative Sentiment: The expanded common-stock offering increases the number of shares outstanding, creating dilution for existing shareholders and likely contributing to the stock’s weaker performance. Investors are also assessing execution and integration risks tied to the potential SEGRO transaction. Prologis raises additional equity capital through share offering

Prologis Stock Down 1.2%

Prologis stock opened at $139.06 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $143.34 and its two-hundred day simple moving average is $139.49. The company has a market cap of $129.75 billion, a PE ratio of 30.97 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share 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 business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company earned $1.46 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

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.