Parallax Volatility Advisers L.P. Makes New Investment in Prologis, Inc. $PLD

Parallax Volatility Advisers L.P. acquired a new stake in Prologis, Inc. (NYSE:PLD - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,954 shares of the real estate investment trust's stock, valued at approximately $1,213,000.

Other institutional investors have also made changes to their positions in the company. Solstein Capital LLC bought a new position in Prologis during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Prologis during the 2nd quarter worth about $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the 4th quarter worth about $26,000. Clearstead Trust LLC bought a new stake in shares of Prologis during the 2nd quarter worth about $28,000. Finally, SouthState Bank Corp boosted its holdings 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 buying an additional 95 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on PLD shares. Royal Bank Of Canada upgraded shares of Prologis from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Wells Fargo & Company increased their target price on Prologis from $155.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. BMO Capital Markets lowered their price objective on Prologis from $162.00 to $158.00 and set an "outperform" rating on the stock in a research report on Monday, June 29th. Finally, Weiss Ratings raised shares of Prologis from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Company insiders own 0.52% of the company's stock.

Prologis Stock Performance

NYSE:PLD opened at $142.70 on Thursday. The company has a market cap of $133.15 billion, a price-to-earnings ratio of 31.78 and a beta of 1.31. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week high of $153.35. 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 stock has a fifty day moving average price of $142.41 and a 200-day moving average price of $140.55.

Prologis (NYSE:PLD - Get Free Report) last posted its quarterly earnings results 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. The business 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%.Prologis's revenue for the quarter was up 11.0% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Prologis, Inc. will post 6.27 EPS 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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