Advisors Capital Management LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 233,545 shares of the real estate investment trust's stock, valued at approximately $31,638,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new stake in shares of Prologis during the 4th quarter valued at $26,000. Clearstead Trust LLC bought a new stake in shares of Prologis during the 2nd quarter valued at $28,000. SouthState Bank Corp lifted its holdings in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis during the 4th quarter worth about $29,000. Institutional investors own 93.50% of the company's stock.
Insider Transactions at Prologis
In other Prologis 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 value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.
Prologis Stock Performance
NYSE:PLD opened at $140.51 on Friday. The stock has a market cap of $131.11 billion, a P/E ratio of 31.29 and a beta of 1.31. 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 business's 50-day moving average price is $142.66 and its two-hundred day moving average price is $140.28. Prologis, Inc. has a twelve month low of $107.84 and a twelve month high of $153.35.
Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have commented on PLD. Morgan Stanley raised their target price on Prologis from $135.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. Raymond James Financial assumed coverage on shares of Prologis in a report on Thursday, June 18th. They issued a "market perform" rating on the stock. Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. Scotiabank boosted their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $154.57.
Read Our Latest Report on PLD
Prologis Company Profile
(
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.
See Also
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