Proficio Capital Partners LLC Buys New Stake in Prologis, Inc. $PLD

Proficio Capital Partners LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,870 shares of the real estate investment trust’s stock, valued at approximately $524,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pure Financial Advisors LLC acquired a new stake in Prologis during the second quarter valued at approximately $693,000. Transamerica Financial Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter worth approximately $352,000. Adelante Capital Management LLC acquired a new position in shares of Prologis in the 2nd quarter worth approximately $172,653,000. Corient Private Wealth LP bought a new position in shares of Prologis during the 2nd quarter worth approximately $26,253,000. Finally, Palogic Value Management L.P. acquired a new stake in Prologis in the 2nd quarter valued at $378,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

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

Prologis Stock Down 0.4%

NYSE PLD opened at $141.99 on Friday. The stock’s 50 day simple moving average is $142.44 and its 200 day simple moving average is $140.59. Prologis, Inc. has a one year low of $110.51 and a one year high of $153.35. The firm has a market cap of $132.49 billion, a PE ratio of 31.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLD. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Mizuho lifted their price objective on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Wells Fargo & Company boosted their target price 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. Scotiabank upped their target price on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $154.57.

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.