Beverly Hills Private Wealth LLC Purchases Shares of 3,834 Prologis, Inc. $PLD

Beverly Hills Private Wealth LLC acquired a new stake in Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,834 shares of the real estate investment trust’s stock, valued at approximately $519,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PLD. High Point Wealth Management LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new position in Prologis during the second quarter worth approximately $28,000. SouthState Bank Corp increased its position in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is owned by institutional investors.

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 value of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLD shares. Truist Financial raised 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. Citigroup boosted their target price on Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Bank of America lifted their price target on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Performance

Shares of PLD stock opened at $141.10 on Monday. The firm has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. 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 business’s 50-day moving average price is $143.09 and its 200-day moving average price is $139.96. Prologis, Inc. has a 12 month low of $105.42 and a 12 month high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings data 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. 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 analyst estimates of $2.16 billion. During the same quarter last year, the business earned $1.46 EPS. The firm’s quarterly 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 forecast 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.