Beverly Hills Private Wealth LLC Buys New Position in Prologis, Inc. $PLD

Beverly Hills Private Wealth LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel.com reports. The fund bought 3,834 shares of the real estate investment trust’s stock, valued at approximately $519,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the fourth quarter worth $26,000. Clearstead Trust LLC bought a new position in Prologis during the second quarter worth $28,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the fourth quarter valued at $29,000. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Prologis

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 stock was 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 available at the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Price Performance

Shares of NYSE PLD opened at $141.10 on Monday. The firm has a market capitalization of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31. The firm’s 50-day moving average price is $143.09 and its 200-day moving average price is $139.96. 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, Inc. has a 1-year low of $105.42 and a 1-year high of $153.35.

Prologis (NYSE:PLD) last issued its earnings results 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. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business 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 6.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLD shares. JPMorgan Chase & Co. increased their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Morgan Stanley upped their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Truist Financial raised their target price on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. BMO Capital Markets lowered their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Finally, Scotiabank increased their price target on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.