7,502 Shares in Prologis, Inc. $PLD Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,502 shares of the real estate investment trust’s stock, valued at approximately $1,105,000.

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

Insider Activity

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

PLD has been the topic of several research reports. Scotiabank boosted their target price on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Barclays lifted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley lifted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned 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 target price of $154.57.

Prologis Stock Up 0.8%

Shares of NYSE:PLD opened at $141.12 on Thursday. 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 $107.84 and a 1 year high of $153.35. The company has a market cap of $131.67 billion, a PE ratio of 31.43 and a beta of 1.31. The stock’s 50-day moving average is $142.80 and its 200 day moving average is $140.21.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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 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 analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm’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. Sell-side analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

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.