8,448 Shares in Prologis, Inc. $PLD Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,448 shares of the real estate investment trust’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. Sandy Cove Advisors LLC raised its stake in shares of Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 73 shares during the period. CoreCap Advisors LLC grew its stake in Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 73 shares during the period. Boltwood Capital Management grew its stake in Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 75 shares during the period. High Note Wealth LLC increased its holdings in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, Hibernia Wealth Partners LLC increased its holdings in Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. BTIG Research upped their price target on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Sixteen investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Performance

PLD opened at $140.30 on Wednesday. Prologis, Inc. has a twelve month low of $107.03 and a twelve month high of $153.35. The firm has a market capitalization of $130.91 billion, a PE ratio of 31.25 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. The firm’s 50-day moving average price is $142.90 and its 200 day moving average price is $140.13.

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, beating 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 company 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 firm earned $1.46 EPS. Prologis’s quarterly revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal 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.