Glenmede Trust Co. NA Has $15.60 Million Stake in Prologis, Inc. $PLD

Glenmede Trust Co. NA grew its holdings in Prologis, Inc. (NYSE:PLD) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,999 shares of the real estate investment trust’s stock after acquiring an additional 13,780 shares during the quarter. Glenmede Trust Co. NA’s holdings in Prologis were worth $15,597,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. High Point Wealth Management LLC acquired a new position in shares of Prologis in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new stake in Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis during the 4th quarter worth approximately $27,000. SouthState Bank Corp raised its holdings in Prologis by 73.1% during the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Prologis in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated 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 SEC, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on PLD shares. DA Davidson upped their price target on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Jefferies Financial Group cut their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. BTIG Research upped their target price on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, UBS Group increased their target price on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus target price of $154.00.

Prologis Price Performance

NYSE PLD opened at $144.94 on Friday. The firm’s 50 day moving average is $143.78 and its 200-day moving average is $139.17. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $135.24 billion, a PE ratio of 32.28 and a beta of 1.32. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $153.35.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $0.75 by $0.38. The business 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 revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts anticipate that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

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.