Edmond DE Rothschild Holding S.A. Purchases New Shares in Prologis, Inc. $PLD

Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,472 shares of the real estate investment trust’s stock, valued at approximately $2,367,000.

Several other institutional investors have also bought and sold shares of PLD. Sandy Cove Advisors LLC increased its holdings in shares of Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock worth $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 73 shares in the last quarter. Boltwood Capital Management lifted its holdings in shares of Prologis by 1.5% in the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC lifted its holdings in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC grew its position 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 worth $406,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Activity

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 transaction of $539,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of several analyst reports. Barclays boosted 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. Wells Fargo & Company lifted their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Robert W. Baird set a $140.00 target price on Prologis in a research report on Friday, July 31st. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, Scotiabank raised their price target on Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Performance

Shares of NYSE:PLD opened at $140.51 on Friday. The company has a market capitalization of $131.11 billion, a price-to-earnings ratio of 31.29 and a beta of 1.31. Prologis, Inc. has a 12 month low of $107.84 and a 12 month high of $153.35. The firm’s 50-day moving average is $142.66 and its 200 day moving average is $140.28. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

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, topping the consensus estimate 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 the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. 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 year.

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.