Ieq Capital LLC Takes Position in Prologis, Inc. $PLD

Ieq Capital LLC purchased a new position in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,919 shares of the real estate investment trust’s stock, valued at approximately $2,969,000.

Other institutional investors have also recently made changes to their positions in the company. Sandy Cove Advisors LLC increased its stake in Prologis by 1.9% during the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 73 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management lifted its stake in shares of Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 75 shares during the last quarter. High Note Wealth LLC grew 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 worth $32,000 after purchasing an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC grew 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 worth $406,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Prologis 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 transaction of $539,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Prologis Stock Performance

Shares of Prologis stock opened at $143.37 on Tuesday. The business has a 50-day moving average of $142.43 and a 200 day moving average of $140.45. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The stock has a market capitalization of $133.77 billion, a price-to-earnings ratio of 31.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion for 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, sell-side analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They set a “market perform” rating for the company. Barclays lifted their price target on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, BTIG Research upped their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.