4,430 Shares in Prologis, Inc. $PLD Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,430 shares of the real estate investment trust’s stock, valued at approximately $600,000.

Several other hedge funds have also recently modified their holdings of PLD. Manning & Napier Advisors LLC bought a new stake in shares of Prologis in the second quarter worth about $25,000. Solstein Capital LLC bought a new stake in Prologis in the 2nd quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $26,000. Clearstead Trust LLC bought a new position in shares of Prologis during the 2nd quarter valued at approximately $28,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Prologis in the second quarter valued at $29,000. Hedge funds and other 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Raymond James Financial began coverage on Prologis in a research note on Thursday, June 18th. They set a “market perform” rating on the stock. 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. Barclays increased their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Truist Financial lifted their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Sixteen 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Up 0.1%

NYSE:PLD opened at $143.45 on Wednesday. The company has a market cap of $133.85 billion, a price-to-earnings ratio of 31.95 and a beta of 1.31. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $142.38 and a 200-day simple moving average of $140.51.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts anticipate that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Company 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.