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 second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,839 shares of the real estate investment trust’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds have also modified their holdings of PLD. UP Strategic Wealth Investment Advisors LLC bought a new position in Prologis in the second quarter valued at about $207,000. Focused Wealth Management Inc bought a new position in shares of Prologis in the second quarter worth about $523,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Prologis in the second quarter worth about $417,585,000. Beverly Hills Private Wealth LLC acquired a new stake in shares of Prologis in the 2nd quarter valued at approximately $519,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Prologis during the 2nd quarter valued at approximately $1,597,000. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Trading Down 0.3%

Shares of NYSE PLD opened at $140.61 on Tuesday. The stock has a market cap of $131.20 billion, a P/E ratio of 31.32 and a beta of 1.31. The firm has a 50 day moving average price of $143.05 and a two-hundred day moving average price of $140.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a 52-week low of $105.42 and a 52-week high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. Prologis’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter 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, equities analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company increased their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Scotiabank raised their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Barclays lifted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

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.