7,730 Shares in Prologis, Inc. $PLD Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,730 shares of the real estate investment trust’s stock, valued at approximately $1,022,000.

Several other hedge funds have also made changes to their positions in PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis in the fourth quarter valued at about $26,000. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new position in Prologis during the 4th quarter valued at about $27,000. SouthState Bank Corp increased its position in 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 purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Prologis Stock Down 1.2%

NYSE:PLD opened at $145.36 on Thursday. Prologis, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $153.35. The stock has a market capitalization of $135.52 billion, a P/E ratio of 32.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27. The company’s 50-day simple moving average is $143.78 and its 200-day simple moving average is $139.01.

Prologis (NYSE:PLD) last issued its quarterly earnings data 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 firm had revenue of $2.43 billion for 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Argus upped their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. UBS Group boosted their price objective on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Bank of America upped their target price on Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Mizuho increased their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Evercore set a $135.00 price target on Prologis in a report on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.81.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is currently 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.