Portfolio Design Labs LLC Acquires New Shares in Prologis, Inc. $PLD

Portfolio Design Labs LLC acquired a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,026 shares of the real estate investment trust’s stock, valued at approximately $1,629,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the 4th quarter worth $26,000. Clearstead Trust LLC acquired a new stake in shares of Prologis during the 2nd quarter worth about $28,000. SouthState Bank Corp increased its position 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 worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on PLD shares. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Wells Fargo & Company lifted their price target on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Raymond James Financial began coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Down 0.6%

Shares of NYSE:PLD opened at $140.51 on Friday. The firm has a market capitalization of $131.11 billion, a PE ratio of 31.29 and a beta of 1.31. Prologis, Inc. has a 1 year low of $107.84 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s 50-day moving average is $142.66 and its two-hundred day moving average is $140.28.

Prologis (NYSE:PLD) last posted 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. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling

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 value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

About Prologis

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.