Family Legacy Inc. Acquires New Shares in Prologis, Inc. $PLD

Key Points

• Family Legacy Inc. acquired 19,394 Prologis shares during the second quarter, valued at approximately $2.63 million. Institutional investors and hedge funds collectively own 93.5% of Prologis stock.
• Prologis reported quarterly EPS of $1.13, exceeding the $0.75 analyst consensus, while revenue rose 11% year over year to $2.43 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $154.57 versus the stock’s recent price of $141.10; however, Prologis CFO Timothy D. Arndt recently sold $539,550 worth of shares.

Family Legacy Inc. acquired a new position in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,394 shares of the real estate investment trust's stock, valued at approximately $2,627,000.

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

Prologis Stock Down 0.1%

PLD stock opened at $141.10 on Friday. The stock's 50 day simple moving average is $143.09 and its 200 day simple moving average is $139.86. The company has a market cap of $131.66 billion, a P/E ratio of 31.43 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. Prologis, Inc. has a fifty-two week low of $105.42 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 analysts' expectations of $2.16 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The company'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. On average, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

PLD has been the subject of several recent research reports. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a "sector perform" rating in a report on Thursday, July 23rd. 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 research report on Wednesday, July 1st. DA Davidson lifted their price objective on shares of Prologis from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. 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 research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

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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