Sanctuary Advisors LLC Makes New $23.87 Million Investment in Prologis, Inc. $PLD

Sanctuary Advisors LLC bought a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 176,207 shares of the real estate investment trust’s stock, valued at approximately $23,871,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sandy Cove Advisors LLC grew its position in Prologis by 1.9% in the 2nd quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after acquiring an additional 73 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 73 shares in the last quarter. Boltwood Capital Management boosted its stake in shares of Prologis by 1.5% in the second quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after purchasing an additional 75 shares during the period. High Note Wealth LLC boosted its stake in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC grew its holdings in shares of Prologis by 2.5% in the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Robert W. Baird set a $140.00 price target on shares of Prologis in a research note on Friday, July 31st. Wells Fargo & Company upped their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets lowered their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research note on Monday, June 29th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Insider Activity 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 value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Stock Down 0.0%

Shares of NYSE:PLD opened at $141.77 on Monday. Prologis, Inc. has a fifty-two week low of $109.14 and a fifty-two week high of $153.35. The firm’s 50 day moving average price is $142.53 and its 200 day moving average price is $140.36. 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 stock has a market cap of $132.28 billion, a price-to-earnings ratio of 31.57 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm posted $1.46 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities research analysts predict that Prologis, Inc. will post 6.27 earnings per share 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.