USA Financial Formulas Purchases New Position in Prologis, Inc. $PLD

USA Financial Formulas purchased a new stake in Prologis, Inc. (NYSE:PLD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,828 shares of the real estate investment trust’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the 4th quarter valued at $26,000. SouthState Bank Corp grew its position in shares of Prologis by 73.1% in 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. Hilton Head Capital Partners LLC acquired a new stake in Prologis during the 4th quarter worth $29,000. Finally, High Note Wealth LLC raised its stake in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $160.00 in a research report on Tuesday, August 4th. Bank of America boosted their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a report on Monday, April 20th. Mizuho upped 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, 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. Sixteen investment 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, Prologis currently has an average rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Down 0.1%

PLD opened at $141.10 on Friday. The business has a 50 day moving average price of $143.09 and a two-hundred day moving average price of $139.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market cap of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a 52 week low of $105.42 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.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 business posted $1.46 EPS. The company’s revenue 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, research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling at Prologis

In related 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 transaction of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is currently owned by corporate insiders.

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.