West Family Investments Inc. Acquires Shares of 4,338 Prologis, Inc. $PLD

West Family Investments Inc. purchased a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,338 shares of the real estate investment trust’s stock, valued at approximately $588,000.

Other large investors have also added to or reduced their stakes in the company. Sandy Cove Advisors LLC increased its stake in Prologis by 1.9% during the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 73 shares during the last quarter. Boltwood Capital Management increased its holdings in Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 75 shares in the last quarter. High Note Wealth LLC raised its position in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC lifted its stake in Prologis by 2.5% during the 1st 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. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLD shares. Wells Fargo & Company raised their price target on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Morgan Stanley upped their price target on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They set a “market perform” rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Trading Up 0.8%

Shares of Prologis stock opened at $141.12 on Thursday. The stock has a 50 day moving average of $142.80 and a 200 day moving average of $140.21. 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 firm has a market capitalization of $131.67 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. 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 quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’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. As a group, research analysts predict that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.