Diversify Advisory Services LLC Takes $1.10 Million Position in Prologis, Inc. $PLD

Diversify Advisory Services LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,502 shares of the real estate investment trust’s stock, valued at approximately $1,105,000.

Other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter valued at $26,000. Ares Financial Consulting LLC acquired a new stake in Prologis in the 4th quarter valued at about $26,000. Clearstead Trust LLC bought a new position in Prologis in the 2nd quarter worth approximately $28,000. SouthState Bank Corp lifted its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLD has been the topic of several recent research reports. Robert W. Baird set a $140.00 price target on Prologis in a research report on Friday, July 31st. Scotiabank increased their price objective on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Truist Financial lifted their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley lifted their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Up 0.8%

NYSE PLD opened at $141.12 on Thursday. The business has a fifty day moving average price of $142.80 and a two-hundred day moving average price of $140.21. The stock has a market capitalization of $131.67 billion, a PE ratio of 31.43 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, Inc. has a fifty-two week low of $107.84 and a fifty-two week high of $153.35.

Prologis (NYSE:PLD) last issued 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. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current fiscal 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.