Diversify Advisory Services LLC Takes $1.10 Million Position in Prologis, Inc. $PLD

Key Points

• Diversify Advisory Services purchased 7,502 Prologis shares worth approximately $1.105 million during the second quarter. Institutional investors collectively own 93.5% of the REIT.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $154.57; recent targets range from $140 to $162.
• Prologis reported quarterly earnings of $1.13 per share, exceeding the $0.75 consensus estimate, while revenue rose 11% year over year to $2.43 billion. The stock opened at $141.12, near its 50- and 200-day moving averages.

Diversify Advisory Services LLC purchased a new position in Prologis, Inc. (NYSE:PLD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,502 shares of the real estate investment trust's stock, valued at approximately $1,105,000.

Other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter valued at $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. Clearstead Trust LLC bought a new position in Prologis in the 2nd quarter worth approximately $28,000. SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLD has been the topic of several recent research reports. Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Scotiabank increased their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 23rd. Truist Financial lifted their target price on Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Morgan Stanley lifted their price target 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. Finally, Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Prologis Stock Up 0.8%

NYSE PLD opened at $141.12 on Thursday. The business has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $140.21. The stock has a market capitalization of $131.67 billion, a PE ratio of 31.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last issued its earnings results 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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business's quarterly 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. Equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal 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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