6,991 Shares in Prologis, Inc. $PLD Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC acquired a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,991 shares of the real estate investment trust’s stock, valued at approximately $947,000.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Prologis by 45.4% during the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares in the last quarter. Walleye Capital LLC bought a new stake in Prologis during the 2nd quarter valued at approximately $422,000. NewEdge Advisors LLC raised its stake in Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock valued at $6,710,000 after purchasing an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after purchasing an additional 10,266 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other 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 value of $539,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company insiders.

Prologis Stock Performance

NYSE PLD opened at $141.12 on Thursday. The stock has a market capitalization of $131.67 billion, a PE ratio of 31.43 and a beta of 1.31. The business has a 50 day simple moving average of $142.80 and a two-hundred day simple moving average of $140.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a 1-year low of $107.84 and a 1-year high of $153.35.

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 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 business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the firm earned $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. On average, research analysts predict that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLD has been the subject of several recent analyst reports. Raymond James Financial began coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Mizuho lifted their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Wells Fargo & Company boosted their target price on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Finally, BMO Capital Markets cut their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.57.

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.