8,448 Shares in Prologis, Inc. $PLD Acquired by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management acquired 8,448 Prologis shares worth approximately $1.15 million, while institutional investors and hedge funds collectively own 93.5% of PLD.
• Analysts remain broadly positive, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $154.57.
• Prologis reported quarterly revenue of $2.43 billion, up 11% year over year, and adjusted EPS of $1.13, exceeding the $0.75 consensus estimate; shares opened at $140.30.

Perigon Wealth Management LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,448 shares of the real estate investment trust's stock, valued at approximately $1,145,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust's stock valued at $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC grew its stake in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust's stock worth $2,925,791,000 after buying an additional 339,906 shares during the last quarter. Capital Research Global Investors grew its stake in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust's stock worth $2,050,397,000 after buying an additional 678,363 shares during the last quarter. Norges Bank acquired a new position in Prologis during the 4th quarter valued at about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. increased its position in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust's stock valued at $1,485,917,000 after buying an additional 516,765 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PLD shares. Mizuho raised their price target on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. 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. DA Davidson increased their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. BTIG Research increased their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Finally, BMO Capital Markets dropped their target price on shares of Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $154.57.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 can be accessed through this hyperlink. Insiders own 0.52% of the company's stock.

Prologis Stock Down 0.2%

Shares of PLD stock opened at $140.30 on Wednesday. Prologis, Inc. has a fifty-two week low of $107.03 and a fifty-two week high of $153.35. The firm has a market capitalization of $130.91 billion, a PE ratio of 31.25 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. The stock's 50-day simple moving average is $142.90 and its 200-day simple moving average is $140.13.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company'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. Equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Prologis 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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