Pacer Advisors Inc. Cuts Stock Position in Prologis, Inc. $PLD

Pacer Advisors Inc. decreased its position in shares of Prologis, Inc. (NYSE:PLD) by 13.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 175,966 shares of the real estate investment trust’s stock after selling 26,589 shares during the period. Pacer Advisors Inc.’s holdings in Prologis were worth $23,259,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PLD. Ares Financial Consulting LLC acquired a new position in Prologis in the 4th quarter valued at about $26,000. High Point Wealth Management LLC purchased a new stake in Prologis during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis during the fourth quarter worth about $27,000. SouthState Bank Corp lifted its position 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 worth $29,000 after purchasing an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Prologis in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $144.18 on Tuesday. The stock has a 50-day simple moving average of $143.75 and a 200-day simple moving average of $139.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $134.54 billion, a PE ratio of 32.11 and a beta of 1.31. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $153.35.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $1.46 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLD has been the subject of a number of research reports. Scotiabank lifted their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Wells Fargo & Company increased their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Evercore set a $135.00 price target on shares of Prologis in a research report on Friday, April 17th. Jefferies Financial Group decreased their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

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 shares were 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 is accessible through the SEC website. 0.52% of the stock is owned by company insiders.

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.