OneAscent Financial Services LLC Purchases New Position in Prologis, Inc. $PLD

OneAscent Financial Services LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,087 shares of the real estate investment trust’s stock, valued at approximately $2,450,000.

Several other large investors also recently added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis during the 4th quarter valued at approximately $26,000. Clearstead Trust LLC bought a new position in shares of Prologis during the 2nd quarter valued at approximately $28,000. 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 valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC purchased a new stake in Prologis during the 4th quarter valued at $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Performance

PLD stock opened at $140.51 on Friday. Prologis, Inc. has a twelve month low of $107.84 and a twelve month high of $153.35. The firm has a market cap of $131.11 billion, a price-to-earnings ratio of 31.29 and a beta of 1.31. The business’s fifty day simple moving average is $142.66 and its two-hundred day simple moving average is $140.28. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PLD. Morgan Stanley lifted their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Raymond James Financial began coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Wells Fargo & Company raised 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. Scotiabank lifted their price target on shares of Prologis from $146.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets cut their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Transactions at Prologis

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 value of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by company 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.