Kingsview Wealth Management LLC Invests $3.76 Million in Prologis, Inc. $PLD

Kingsview Wealth Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 27,772 shares of the real estate investment trust’s stock, valued at approximately $3,762,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Prologis during the second quarter worth about $14,006,587,000. Geode Capital Management LLC grew its stake in Prologis by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares in the last quarter. Capital Research Global Investors grew its stake in Prologis by 4.4% in the fourth quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares in the last quarter. Norges Bank acquired a new position in shares of Prologis during the 4th quarter worth approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after purchasing an additional 516,765 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In related 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PLD shares. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. BTIG Research boosted their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Morgan Stanley increased their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Down 0.7%

PLD opened at $140.80 on Friday. The stock’s fifty day simple moving average is $142.44 and its 200 day simple moving average is $140.59. Prologis, Inc. has a 1-year low of $110.51 and a 1-year high of $153.35. The stock has a market cap of $131.38 billion, a PE ratio of 31.36 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business posted $1.46 earnings per share. The company’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. As a group, research analysts expect that Prologis, Inc. will post 6.27 earnings per share for the current year.

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.