Prologis, Inc. $PLD Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its stake in Prologis, Inc. (NYSE:PLD) by 10.6% in the second quarter, HoldingsChannel.com reports. The firm owned 12,870 shares of the real estate investment trust’s stock after acquiring an additional 1,235 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Prologis were worth $1,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLD. Activest Wealth Management increased its holdings in Prologis by 637.1% in the first quarter. Activest Wealth Management now owns 258 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Prologis during the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Prologis in the 1st quarter worth approximately $34,000. Saudi Central Bank purchased a new position in Prologis in the 1st quarter valued at approximately $41,000. Finally, Barrett & Company Inc. purchased a new position in Prologis in the 2nd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLD shares. Barclays decreased their target price on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday, September 15th. Mizuho set a $118.00 price objective on shares of Prologis and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Bank of America upgraded shares of Prologis from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $130.00 in a report on Tuesday, September 16th. Wells Fargo & Company lifted their target price on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Industrial Alliance Securities set a $119.00 price target on shares of Prologis in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $125.39.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director directly owned 9,829 shares of the company’s stock, valued at approximately $1,091,019. This trade represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,000 shares of company stock worth $230,415 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Prologis Stock Up 0.3%

PLD stock opened at $128.55 on Friday. The stock has a market capitalization of $119.41 billion, a P/E ratio of 37.48, a PEG ratio of 3.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.64. Prologis, Inc. has a one year low of $85.35 and a one year high of $129.33. The company has a 50 day moving average price of $121.56 and a two-hundred day moving average price of $113.17.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.05. Prologis had a return on equity of 5.55% and a net margin of 36.71%.The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Prologis has set its FY 2025 guidance at 5.780-5.810 EPS. As a group, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis 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.