Bull Harbor Capital LLC Invests $682,000 in Prologis, Inc. $PLD

Bull Harbor Capital LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,162 shares of the real estate investment trust’s stock, valued at approximately $682,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. High Note Wealth LLC grew its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the period. Hibernia Wealth Partners LLC lifted its holdings in Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares during the period. Quadrant Private Wealth Management LLC boosted its position in Prologis by 4.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,818 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 77 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 79 shares during the last quarter. Finally, Dearborn Partners LLC grew its stake in shares of Prologis by 4.2% during the 4th quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 79 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by insiders.

Prologis Stock Up 0.4%

NYSE PLD opened at $146.09 on Friday. The stock’s 50 day moving average is $143.81 and its 200 day moving average is $139.13. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $153.35. The stock has a market cap of $136.20 billion, a PE ratio of 32.54 and a beta of 1.32.

Prologis (NYSE:PLD) last announced 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 period last year, the firm posted $1.46 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Research analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PLD shares. Evercore set a $135.00 price target on shares of Prologis in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Barclays lifted their price target on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price objective on shares of Prologis in a research report on Friday, April 17th. Finally, BMO Capital Markets reduced their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $153.81.

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.