Coastal Bridge Advisors LLC Acquires Shares of 9,073 Prologis, Inc. $PLD

Coastal Bridge Advisors LLC bought a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,073 shares of the real estate investment trust’s stock, valued at approximately $1,229,000.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. Morgan Stanley increased their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Trading Down 0.4%

Shares of PLD stock opened at $141.99 on Friday. The company’s fifty day simple moving average is $142.44 and its two-hundred day simple moving average is $140.59. 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, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The stock has a market capitalization of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. The business’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. As a group, analysts anticipate that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

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.