Kingsview Wealth Management LLC Purchases New Position in Prologis, Inc. $PLD

Kingsview Wealth Management LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 27,772 shares of the real estate investment trust’s stock, valued at approximately $3,762,000.

A number of other institutional investors have also recently bought and sold shares of PLD. BlackRock Inc. acquired a new stake in Prologis in the second quarter worth $14,006,587,000. Geode Capital Management LLC grew its holdings in shares of Prologis by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after buying an additional 339,906 shares during the period. Capital Research Global Investors grew its holdings in shares of Prologis by 4.4% in the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after buying an additional 678,363 shares during the period. Norges Bank bought a new stake in shares of Prologis in the 4th quarter valued at $1,589,125,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Prologis by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after buying an additional 516,765 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

PLD opened at $140.80 on Friday. The business’s 50-day moving average price is $142.44 and its two-hundred day moving average price is $140.59. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The company has a market capitalization of $131.38 billion, a price-to-earnings ratio of 31.36 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 EPS for the quarter, beating 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 return on equity of 7.29% and a net margin of 45.79%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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 6.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLD shares. BTIG Research lifted their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Barclays increased their price target on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. BMO Capital Markets cut their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Finally, Royal Bank Of Canada upgraded 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 research report on Tuesday, August 4th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

About Prologis

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.