Pure Financial Advisors LLC Buys Shares of 5,113 Prologis, Inc. $PLD

Pure Financial Advisors LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,113 shares of the real estate investment trust’s stock, valued at approximately $693,000.

A number of other large investors also recently modified their holdings of PLD. Solstein Capital LLC bought a new stake in Prologis during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Prologis during the 2nd quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis during the 4th quarter valued at $26,000. Clearstead Trust LLC purchased a new position in Prologis during the second quarter worth about $28,000. Finally, SouthState Bank Corp increased its stake in Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

Prologis Price Performance

Shares of Prologis stock opened at $142.70 on Thursday. 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 business has a 50 day moving average of $142.41 and a 200 day moving average of $140.55. The company has a market cap of $133.15 billion, a PE ratio of 31.78 and a beta of 1.31. Prologis, Inc. has a 52 week low of $110.51 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company posted $1.46 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Royal Bank Of Canada upgraded shares of Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Mizuho increased their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Truist Financial raised their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, BTIG Research lifted 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 research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus target price 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.