Aptus Capital Advisors LLC Purchases 13,510 Shares of Prologis, Inc. $PLD

Key Points

• Aptus Capital Advisors LLC increased its holdings in Prologis, Inc. by 9.7% in the first quarter, owning 152,660 shares with a total value of approximately $17.1 million.
• Prologis has seen significant increases in institutional investments, with hedge funds now owning 93.50% of the company's stock, highlighting strong interest from large investors.
• Analyst ratings for Prologis show a mixed outlook, with a consensus rating of "Moderate Buy" and an average price target of $120.33.

Aptus Capital Advisors LLC grew its position in Prologis, Inc. (NYSE:PLD - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,660 shares of the real estate investment trust's stock after purchasing an additional 13,510 shares during the period. Aptus Capital Advisors LLC's holdings in Prologis were worth $17,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. REAP Financial Group LLC raised its stake in Prologis by 40.0% during the 4th quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock worth $31,000 after buying an additional 84 shares during the period. Pandora Wealth Inc. bought a new stake in shares of Prologis in the first quarter worth about $34,000. GKV Capital Management Co. Inc. bought a new stake in shares of Prologis in the first quarter worth about $34,000. Olde Wealth Management LLC bought a new stake in shares of Prologis in the first quarter worth about $43,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 152 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLD has been the subject of a number of research reports. Citigroup lowered their target price on Prologis from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Scotiabank raised their price objective on shares of Prologis from $97.00 to $100.00 and gave the stock a "sector underperform" rating in a report on Monday, May 12th. Wall Street Zen cut shares of Prologis from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Truist Financial reduced their target price on shares of Prologis from $123.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Robert W. Baird lowered their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.06.

Prologis Stock Down 1.8%

PLD traded down $1.9410 during trading hours on Thursday, hitting $108.2390. 3,045,671 shares of the company's stock were exchanged, compared to its average volume of 4,473,736. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $132.57. The stock's 50-day moving average is $107.11 and its two-hundred day moving average is $108.94. The stock has a market cap of $100.47 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.78 and a beta of 1.21. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD - Get Free Report) last announced its 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 net margin of 40.29% and a return on equity of 5.96%. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm's revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

About Prologis

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.