Csenge Advisory Group Invests $964,000 in Prologis, Inc. $PLD

Key Points

• Csenge Advisory Group purchased 7,114 Prologis shares worth approximately $964,000 in the second quarter. Institutional investors and hedge funds collectively own 93.5% of PLD.
• Analysts maintain a favorable outlook, with Prologis receiving a consensus “Moderate Buy” rating and an average price target of $154.57; recent targets range as high as $170.
• Prologis exceeded quarterly earnings and revenue expectations, reporting $1.13 EPS and $2.43 billion in revenue, up 11% year over year. CFO Timothy Arndt separately sold 3,597 shares at an average price of $150.

Csenge Advisory Group bought a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,114 shares of the real estate investment trust's stock, valued at approximately $964,000.

A number of other large investors have also added to or reduced their stakes in PLD. Brighton Jones LLC increased its position in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust's stock worth $1,847,000 after acquiring an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust's stock valued at $1,128,000 after purchasing an additional 3,350 shares during the last quarter. Walleye Capital LLC purchased a new position in Prologis in the second quarter valued at about $422,000. NewEdge Advisors LLC grew its stake in Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust's stock valued at $6,710,000 after purchasing an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust's stock valued at $45,550,000 after purchasing an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLD. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. Morgan Stanley increased their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 26th. BTIG Research raised their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised shares of Prologis from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Prologis from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction dated Monday, June 15th. The shares were 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 at the SEC website. 0.52% of the stock is currently owned by company insiders.

Prologis Stock Performance

PLD stock opened at $141.12 on Thursday. The stock's 50 day simple moving average is $142.80 and its 200 day simple moving average is $140.21. Prologis, Inc. has a 12-month low of $107.84 and a 12-month high of $153.35. The firm has a market cap of $131.67 billion, a P/E ratio of 31.43 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD - Get Free Report) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Prologis Company 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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