Sanctuary Advisors LLC Purchases Shares of 176,207 Prologis, Inc. $PLD

Key Points

• Sanctuary Advisors acquired 176,207 Prologis shares worth approximately $23.9 million during the second quarter. Institutional investors collectively own 93.5% of Prologis.
• Prologis exceeded quarterly expectations, reporting $1.13 in EPS versus a $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 “Moderate Buy” consensus with an average price target of $154.57, compared with the stock’s reported price of $141.77; target prices range from $140 to $162.

Sanctuary Advisors LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 176,207 shares of the real estate investment trust's stock, valued at approximately $23,871,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Solstein Capital LLC purchased a new stake in Prologis during the 2nd quarter valued at about $25,000. High Point Wealth Management LLC purchased a new position in shares of Prologis during the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in Prologis in the second quarter valued at approximately $28,000. Finally, SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Prologis Trading Down 0.0%

Shares of PLD opened at $141.77 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 12-month low of $109.14 and a 12-month high of $153.35. The firm has a 50-day moving average price of $142.53 and a 200 day moving average price of $140.36. The firm has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31.

Prologis (NYSE:PLD - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period last year, the business earned $1.46 earnings per share. Prologis's revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLD shares. Raymond James Financial began coverage on Prologis in a research report on Thursday, June 18th. They issued a "market perform" rating on the stock. Scotiabank increased their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a "sector perform" rating in a report on Thursday, July 23rd. Barclays raised their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Truist Financial boosted their target price on Prologis from $154.00 to $162.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

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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