2,505 Shares in Prologis, Inc. $PLD Purchased by Alpha Family Trust

Key Points

• Alpha Family Trust purchased 2,505 shares of Prologis, Inc. valued at approximately $280,000 in the first quarter, marking a new position in the real estate investment trust.
• Prologis reported a quarterly EPS of $1.46, beating estimates by $0.05, with revenue of $2.03 billion that matches analyst expectations and shows an 8.8% year-over-year increase.
• Institutional investors currently hold 93.50% of Prologis’ stock, highlighting strong institutional interest in the company.

Alpha Family Trust bought a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,505 shares of the real estate investment trust's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sand Hill Global Advisors LLC lifted its holdings in shares of Prologis by 2.8% during the first quarter. Sand Hill Global Advisors LLC now owns 40,380 shares of the real estate investment trust's stock worth $4,514,000 after purchasing an additional 1,089 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Prologis by 9.7% during the first quarter. Aptus Capital Advisors LLC now owns 152,660 shares of the real estate investment trust's stock worth $17,066,000 after purchasing an additional 13,510 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Prologis by 31.7% during the first quarter. Brooklyn Investment Group now owns 5,507 shares of the real estate investment trust's stock worth $616,000 after purchasing an additional 1,325 shares during the period. Keystone Global Partners LLC acquired a new stake in shares of Prologis during the first quarter worth about $84,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Prologis by 8.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 32,082 shares of the real estate investment trust's stock valued at $3,586,000 after acquiring an additional 2,506 shares during the period. Institutional investors and hedge funds own 93.50% of the company's stock.

Prologis Stock Up 0.6%

Shares of PLD opened at $106.53 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The stock has a market capitalization of $98.87 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.67 and a beta of 1.21. The stock has a 50 day moving average price of $107.13 and a 200 day moving average price of $109.02.

Prologis (NYSE:PLD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 EPS for the quarter, topping the consensus estimate of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts forecast that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Robert W. Baird decreased their price target on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Citigroup decreased their price target on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. UBS Group boosted their price target on Prologis from $106.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays decreased their price target on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company set a $137.00 price target on Prologis and gave the company an "overweight" rating in a report on Sunday, July 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.

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