10,845 Shares in Prologis, Inc. $PLD Purchased by one8zero8 LLC

one8zero8 LLC acquired a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,845 shares of the real estate investment trust's stock, valued at approximately $1,469,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC increased 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 purchasing an additional 73 shares during the last quarter. CoreCap Advisors LLC grew its holdings in Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust's stock valued at $208,000 after purchasing an additional 73 shares during the period. Boltwood Capital Management grew its holdings in Prologis by 1.5% during the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust's stock valued at $700,000 after purchasing an additional 75 shares during the period. High Note Wealth LLC increased its position in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust's stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its position in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust's stock worth $406,000 after buying an additional 76 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Performance

NYSE:PLD opened at $141.12 on Thursday. The business's fifty day moving average is $142.80 and its 200 day moving average is $140.21. The firm has a market cap of $131.67 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. Prologis, Inc. has a 52-week low of $107.84 and a 52-week high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company earned $1.46 EPS. The firm's 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. Research analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business's stock in a transaction that occurred 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 accessible through this link. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLD shares. Truist Financial upped their price target on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Finally, Barclays increased their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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