Glenview Trust Co purchased a new stake in Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,072 shares of the real estate investment trust's stock, valued at approximately $2,313,000.
Several other institutional investors and hedge funds also recently modified their holdings of PLD. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the second quarter worth about $25,000. Solstein Capital LLC acquired a new position in Prologis during the 2nd quarter worth approximately $25,000. Clearstead Trust LLC acquired a new position in Prologis during the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. bought a new position in shares of Prologis during the 2nd quarter worth approximately $29,000. Finally, SouthState Bank Corp grew its stake in shares of 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 acquiring an additional 95 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.
Prologis Price Performance
NYSE:PLD opened at $140.80 on Friday. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The firm has a market capitalization of $131.38 billion, a price-to-earnings ratio of 31.36 and a beta of 1.31. The stock's 50 day moving average price is $142.44 and its two-hundred day moving average price is $140.59. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.
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 company 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 firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.
Analyst Ratings Changes
PLD has been the topic of a number of research reports. Barclays boosted their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. Weiss Ratings lowered shares of Prologis from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday. BMO Capital Markets cut their price target 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. Finally, Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They set a "market perform" rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Prologis has an average rating of "Moderate Buy" and a consensus price target of $154.57.
Read Our Latest Report on Prologis
Insider Buying and Selling
In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.
Prologis Company Profile
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Free Report)
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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