Quantbot Technologies LP acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,046 shares of the real estate investment trust's stock, valued at approximately $1,767,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new position in Prologis during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new position in Prologis in the 2nd quarter valued at approximately $28,000. Johnson Financial Group Inc. acquired a new position in Prologis in the 2nd quarter valued at approximately $29,000. Finally, SouthState Bank Corp lifted its position in Prologis by 73.1% in the 4th 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. Hedge funds and other institutional investors own 93.50% of the company's stock.
Prologis Stock Performance
PLD stock opened at $143.37 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 31.93 and a beta of 1.31. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The firm has a 50 day moving average of $142.43 and a two-hundred day moving average of $140.45.
Prologis (NYSE:PLD - Get Free Report) last announced its quarterly 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 net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $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, equities analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $140.00 target price on shares of Prologis in a research note on Friday, July 31st. Truist Financial upped 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 upgraded Prologis from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They set a "market perform" rating for the company. Finally, BTIG Research boosted their target price on Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.
Read Our Latest Analysis on Prologis
Insider Buying and Selling
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's 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 SEC, which is available through the SEC website. 0.52% of the stock is owned by insiders.
Prologis Company Profile
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Free Report)
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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