Pure Financial Advisors LLC Takes Position in Prologis, Inc. $PLD

Pure Financial Advisors LLC purchased a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, Holdings Channel.com reports. The firm purchased 5,113 shares of the real estate investment trust’s stock, valued at approximately $693,000.

Other institutional investors also recently bought and sold shares of the company. Solstein Capital LLC bought a new position in shares of Prologis in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Prologis during the 2nd quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the 4th quarter valued at $26,000. Clearstead Trust LLC bought a new stake in Prologis during the 2nd quarter valued at approximately $28,000. Finally, SouthState Bank Corp lifted its holdings in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.4%

NYSE:PLD opened at $142.70 on Thursday. The company has a market cap of $133.15 billion, a PE ratio of 31.78 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 company’s 50 day moving average is $142.41 and its two-hundred day moving average is $140.55. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share 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 business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Analyst Ratings Changes

PLD has been the topic of several recent research reports. BMO Capital Markets decreased their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Truist Financial lifted their price target on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Raymond James Financial initiated coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company raised their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

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.