HBK Sorce Advisory LLC Invests $7.78 Million in Prologis, Inc. $PLD

HBK Sorce Advisory LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the second quarter, HoldingsChannel reports. The firm purchased 55,277 shares of the real estate investment trust’s stock, valued at approximately $7,781,000.

Several other institutional investors also recently bought and sold shares of PLD. Schnieders Capital Management LLC. increased its position in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Prologis by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock worth $42,790,000 after acquiring an additional 15,335 shares during the last quarter. Meritage Portfolio Management lifted its position in Prologis by 45.7% in the 4th quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock valued at $3,560,000 after acquiring an additional 8,747 shares in the last quarter. Merrithew & Thorsten Inc bought a new position in Prologis in the 4th quarter valued at approximately $5,641,000. Finally, Merit Financial Group LLC boosted its stake in Prologis by 38.2% during the 4th quarter. Merit Financial Group LLC now owns 29,835 shares of the real estate investment trust’s stock valued at $3,809,000 after purchasing an additional 8,240 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Prologis Trading Up 0.1%

Shares of PLD stock opened at $141.10 on Monday. Prologis, Inc. has a 12-month low of $105.42 and a 12-month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $143.09 and its 200 day moving average is $139.96. The stock 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 announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on PLD. DA Davidson lifted their target price on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays upped their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Truist Financial lifted their price objective on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, 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. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.