Wealthfront Advisers LLC Acquires New Position in Prologis, Inc. $PLD

Wealthfront Advisers LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 126,997 shares of the real estate investment trust’s stock, valued at approximately $17,204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake 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. Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares during the period. Walleye Capital LLC acquired a new position in Prologis during the second quarter worth $422,000. NewEdge Advisors LLC raised its position in Prologis by 6.8% in the second quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Prologis by 2.4% in the second quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Scotiabank increased their price target on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets reduced their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Finally, Citigroup boosted their price objective on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.57.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.2%

PLD opened at $140.30 on Wednesday. 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 company has a market cap of $130.91 billion, a price-to-earnings ratio of 31.25 and a beta of 1.31. Prologis, Inc. has a one year low of $107.03 and a one year high of $153.35. The business’s fifty day moving average is $142.90 and its two-hundred day moving average is $140.13.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The business’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. Analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current fiscal 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.