Sigma Planning Corp Lowers Holdings in Prologis, Inc. $PLD

Sigma Planning Corp reduced its stake in Prologis, Inc. (NYSE:PLD) by 44.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,549 shares of the real estate investment trust’s stock after selling 3,598 shares during the period. Sigma Planning Corp’s holdings in Prologis were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. Solstein Capital LLC acquired a new stake in Prologis in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in Prologis during the 2nd quarter worth approximately $25,000. Clearstead Trust LLC purchased a new stake in shares of Prologis in the 2nd quarter valued at approximately $28,000. SouthState Bank Corp increased its position in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

Prologis Price Performance

Shares of NYSE:PLD opened at $139.54 on Wednesday. Prologis, Inc. has a 12 month low of $110.51 and a 12 month high of $153.35. The firm has a market capitalization of $130.20 billion, a P/E ratio of 31.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $142.25 and its 200 day moving average price is $140.61.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Prologis’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. As a group, sell-side analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLD shares. Barclays lifted their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. BTIG Research lifted their price target on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings downgraded Prologis from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.52.

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.