EP Wealth Advisors LLC Buys Shares of 448,244 Prologis, Inc. $PLD

EP Wealth Advisors LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel reports. The firm bought 448,244 shares of the real estate investment trust’s stock, valued at approximately $60,724,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sandy Cove Advisors LLC raised its position in shares of Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 73 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 73 shares during the last quarter. Boltwood Capital Management grew its position in Prologis by 1.5% in the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 75 shares in the last quarter. High Note Wealth LLC grew 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 worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, Hibernia Wealth Partners LLC increased its stake 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 acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLD shares. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Scotiabank upped their price objective on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. BTIG Research raised their price objective on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays boosted their target price on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Prologis Trading Up 0.8%

Shares of PLD opened at $141.77 on Friday. 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 stock has a market capitalization of $132.28 billion, a P/E ratio of 31.57 and a beta of 1.31. Prologis, Inc. has a twelve month low of $109.14 and a twelve month high of $153.35. The firm has a fifty day simple moving average of $142.53 and a two-hundred day simple moving average of $140.29.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for 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 was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current 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.