Laffer Tengler Investments Inc. Boosts Holdings in Prologis, Inc. $PLD

Key Points

• Laffer Tengler Investments Inc. has increased its holdings in Prologis, Inc. by 7.2%, purchasing an additional 2,957 shares, bringing their total to 43,763 shares worth approximately $4.89 million.
• Prologis now has a consensus rating of "Moderate Buy" from analysts, with a target price averaging $121.06, despite some analysts lowering their price targets.
• The company reported earnings per share of $1.46 for the last quarter, exceeding estimates, alongside an 8.8% year-over-year increase in revenue, amounting to $2.03 billion.

Laffer Tengler Investments Inc. increased its position in shares of Prologis, Inc. (NYSE:PLD - Free Report) by 7.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,763 shares of the real estate investment trust's stock after purchasing an additional 2,957 shares during the quarter. Laffer Tengler Investments Inc.'s holdings in Prologis were worth $4,892,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. REAP Financial Group LLC grew its stake in shares of Prologis by 40.0% in the fourth quarter. REAP Financial Group LLC now owns 294 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 84 shares in the last quarter. Pandora Wealth Inc. purchased a new position in shares of Prologis in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of Prologis during the first quarter worth about $34,000. Olde Wealth Management LLC purchased a new stake in shares of Prologis during the first quarter worth approximately $43,000. Finally, Cornerstone Planning Group LLC raised its holdings in Prologis by 63.6% in the first quarter. Cornerstone Planning Group LLC now owns 391 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PLD shares. Robert W. Baird dropped their target price on Prologis from $126.00 to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada dropped their price objective on Prologis from $128.00 to $117.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Citigroup decreased 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. Barclays lowered their price target on Prologis from $132.00 to $119.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group boosted their price objective on shares of Prologis from $106.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.06.

Prologis Trading Down 1.8%

NYSE PLD opened at $108.2390 on Friday. The firm's fifty day moving average is $107.11 and its two-hundred day moving average is $108.88. Prologis, Inc. has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $100.47 billion, a PE ratio of 29.33, a P/E/G ratio of 2.76 and a beta of 1.21.

Prologis (NYSE:PLD - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share 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 the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The business's quarterly revenue was up 8.8% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. Analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Company Profile

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.

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