Prologis, Inc. $PLD Shares Sold by Socorro Asset Management LP

Socorro Asset Management LP lessened its stake in Prologis, Inc. (NYSE:PLD) by 36.2% in the first quarter, Holdings Channel reports. The institutional investor owned 47,195 shares of the real estate investment trust’s stock after selling 26,750 shares during the quarter. Prologis accounts for about 2.8% of Socorro Asset Management LP’s portfolio, making the stock its 22nd largest position. Socorro Asset Management LP’s holdings in Prologis were worth $6,238,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PLD. Nvwm LLC lifted its holdings in Prologis by 6,069.7% during the 4th quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 3,350 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Prologis by 98.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 23,837 shares of the real estate investment trust’s stock valued at $3,043,000 after acquiring an additional 11,846 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Prologis by 4.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock valued at $42,790,000 after acquiring an additional 15,335 shares in the last quarter. Finally, Meritage Portfolio Management lifted its stake in Prologis by 45.7% during the fourth quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock worth $3,560,000 after purchasing an additional 8,747 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLD has been the subject of a number of research reports. Mizuho lifted their price objective on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. JPMorgan Chase & Co. increased their target price on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Truist Financial lifted 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. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Argus increased their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.81.

Insider Buying and Selling

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 shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Prologis Stock Down 0.3%

Prologis stock opened at $147.18 on Tuesday. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35. The stock has a market cap of $137.22 billion, a price-to-earnings ratio of 32.78 and a beta of 1.32. The company’s 50-day moving average price is $143.66 and its two-hundred day moving average price is $138.75. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal 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.