GTS Securities LLC Reduces Stake in Prologis, Inc. $PLD

GTS Securities LLC trimmed its stake in Prologis, Inc. (NYSE:PLD) by 37.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,963 shares of the real estate investment trust’s stock after selling 4,864 shares during the quarter. GTS Securities LLC’s holdings in Prologis were worth $1,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Prologis by 629.0% in the fourth 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 during the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Prologis during the 2nd quarter valued at $422,000. NewEdge Advisors LLC grew its stake in shares of Prologis by 6.8% during the 2nd 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 during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Prologis by 2.4% during the 2nd 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 during the period. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of NYSE PLD opened at $140.80 on Friday. The stock has a market cap of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week high of $153.35. 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 stock has a fifty day moving average of $142.44 and a 200-day moving average of $140.59.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company posted $1.46 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PLD. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Scotiabank upped their price objective 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. Morgan Stanley increased their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Barclays lifted their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial began coverage on shares of Prologis in a research report on Thursday, June 18th. They issued a “market perform” rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

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.