Global Retirement Partners LLC Buys New Stake in Prologis, Inc. $PLD

Global Retirement Partners LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, HoldingsChannel reports. The institutional investor purchased 32,142 shares of the real estate investment trust’s stock, valued at approximately $4,354,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC raised its position in Prologis by 1.9% in the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 73 shares during the period. CoreCap Advisors LLC boosted its position in shares of Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 73 shares during the period. Boltwood Capital Management grew its stake in shares of Prologis by 1.5% in the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 75 shares in the last quarter. High Note Wealth LLC raised its holdings in shares of Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC raised its holdings in shares of Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 76 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLD shares. Bank of America upped their price target on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Citigroup lifted their price objective on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Raymond James Financial assumed coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.

Prologis Price Performance

PLD stock opened at $141.10 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 52-week low of $105.42 and a 52-week high of $153.35. The stock’s 50 day moving average is $143.09 and its two-hundred day moving average is $139.96. The company has a market capitalization of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $1.46 EPS. The business’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. Analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

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.