USA Financial Formulas Buys Shares of 4,828 Prologis, Inc. $PLD

USA Financial Formulas bought a new position in shares of Prologis, Inc. (NYSE:PLD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,828 shares of the real estate investment trust’s stock, valued at approximately $638,000.

A number of other institutional investors have also made changes to their positions in PLD. Sandy Cove Advisors LLC lifted its holdings in shares of Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 73 shares during the last quarter. CoreCap Advisors LLC increased its holdings in Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management increased its holdings in Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 75 shares during the last quarter. High Note Wealth LLC raised its position in Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC raised its position in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 76 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on PLD shares. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Scotiabank boosted their price objective on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. DA Davidson increased their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley raised their target price on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Sixteen investment 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, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Stock Down 0.1%

Shares of Prologis stock opened at $141.10 on Friday. Prologis, Inc. has a 52-week low of $105.42 and a 52-week high of $153.35. The company has a 50 day moving average of $143.09 and a 200 day moving average of $139.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 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 company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, research analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction 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 available at this hyperlink. Insiders own 0.52% of the company’s stock.

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.