NewEdge Wealth LLC Makes New Investment in Prologis, Inc. $PLD

Key Points

• NewEdge Wealth acquired 11,978 Prologis shares during the second quarter, valued at approximately $1.62 million. Institutional investors collectively own 93.5% of the REIT.
• Prologis exceeded quarterly expectations, reporting $1.13 in EPS versus the $0.75 consensus and $2.43 billion in revenue, up 11% year over year. The company issued fiscal 2026 EPS guidance of $6.22–$6.30.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $154.57, compared with the stock’s recent price of $141.77.

NewEdge Wealth LLC acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,978 shares of the real estate investment trust's stock, valued at approximately $1,623,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. High Point Wealth Management LLC bought a new stake in Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis in the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in shares of Prologis during the 2nd quarter worth about $28,000. SouthState Bank Corp increased 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 purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

Shares of PLD stock opened at $141.77 on Friday. The company has a market capitalization of $132.28 billion, a price-to-earnings ratio of 31.57 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. The company has a 50-day simple moving average of $142.53 and a 200 day simple moving average of $140.29. Prologis, Inc. has a 52 week low of $109.14 and a 52 week high of $153.35.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly 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. The firm had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLD. Robert W. Baird set a $140.00 target price on shares of Prologis in a research note on Friday, July 31st. Weiss Ratings raised Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Scotiabank raised their price objective on Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a research report on Thursday, July 23rd. BMO Capital Markets reduced their target price on Prologis from $162.00 to $158.00 and set an "outperform" rating for the company in a research note on Monday, June 29th. Finally, Mizuho boosted their target price on Prologis from $150.00 to $159.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on 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 at the SEC website. Company insiders own 0.52% of the company's stock.

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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