Corient Private Wealth LP Takes $26.25 Million Position in Prologis, Inc. $PLD

Corient Private Wealth LP purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 193,791 shares of the real estate investment trust’s stock, valued at approximately $26,253,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Prologis during the second quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter valued at approximately $25,000. Clearstead Trust LLC acquired a new position in shares of Prologis in the 2nd quarter valued at approximately $28,000. SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Prologis during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD stock opened at $140.80 on Friday. 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, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The stock’s 50 day simple moving average is $142.44 and its 200 day simple moving average is $140.59. The firm has a market cap of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD) last posted 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. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $1.46 EPS. The company’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. As a group, equities research analysts predict that Prologis, Inc. will post 6.27 EPS for the current year.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction 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 SEC, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLD. Mizuho raised their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Truist Financial upped their price target on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Raymond James Financial assumed coverage on shares of Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Barclays boosted their target price on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company upped their target price on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and an average price target of $154.57.

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.