Van Hulzen Asset Management LLC Purchases New Holdings in Prologis, Inc. $PLD

Van Hulzen Asset Management LLC acquired a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,430 shares of the real estate investment trust’s stock, valued at approximately $600,000.

Several other large investors have also recently made changes to their positions in the business. Manning & Napier Advisors LLC purchased a new stake in shares of Prologis in the second quarter worth $25,000. Solstein Capital LLC purchased a new stake in Prologis during the 2nd quarter valued at about $25,000. Ares Financial Consulting LLC bought a new stake in Prologis during the 4th quarter valued at about $26,000. Clearstead Trust LLC purchased a new position in Prologis in the second quarter worth about $28,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Prologis in the second quarter worth approximately $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Prologis Price Performance

NYSE PLD opened at $143.45 on Wednesday. The company has a 50-day moving average price of $142.38 and a 200-day moving average price of $140.51. Prologis, Inc. has a 52 week low of $110.51 and a 52 week high of $153.35. 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 firm has a market capitalization of $133.85 billion, a P/E ratio of 31.95 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business 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 company earned $1.46 earnings per share. 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. Equities research analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLD. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Truist Financial increased their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. BTIG Research boosted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Raymond James Financial began coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

About Prologis

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.