Prologis, Inc. $PLD Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in Prologis, Inc. (NYSE:PLD) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 706,097 shares of the real estate investment trust’s stock after acquiring an additional 39,070 shares during the quarter. NewEdge Advisors LLC owned about 0.08% of Prologis worth $95,655,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PLD. Schnieders Capital Management LLC. increased its stake in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Callan Family Office LLC acquired a new stake in Prologis in the 2nd quarter worth about $3,394,000. BlackRock Inc. acquired a new stake in Prologis in the 2nd quarter worth about $14,006,587,000. AssuredPartners Investment Advisors LLC purchased a new stake in Prologis in the 2nd quarter valued at about $3,436,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Prologis by 4.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 772,814 shares of the real estate investment trust’s stock valued at $102,151,000 after acquiring an additional 33,172 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PLD. Truist Financial increased their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. BTIG Research boosted their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Scotiabank upped their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Barclays increased their price target 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 note on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.52.

Insider Buying and Selling at Prologis

In related news, CFO Timothy Arndt sold 3,597 shares of the company’s stock in a transaction on 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 through the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Stock Performance

NYSE PLD opened at $138.59 on Wednesday. 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, Inc. has a 1-year low of $110.60 and a 1-year high of $153.35. The firm has a market capitalization of $129.32 billion, a P/E ratio of 30.87 and a beta of 1.30. The business’s 50-day simple moving average is $142.09 and its 200-day simple moving average is $140.55.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company earned $1.46 EPS. The company’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. Equities analysts predict that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Prologis’s dividend payout ratio (DPR) is currently 95.32%.

About Prologis

Prologis, Inc is a global real estate investment trust (REIT) that owns, develops, acquires and manages logistics and industrial properties. Its portfolio is designed to support supply-chain operations and includes distribution centers, warehouses, fulfillment facilities and other industrial buildings used by manufacturers, retailers, transportation companies and logistics providers.

The company also provides related property and business services, including facility management, leasing, development and customer-focused solutions through its Prologis Essentials platform.