Figure 8 Investment Strategies LLC Takes Position in Prologis, Inc. $PLD

Figure 8 Investment Strategies LLC purchased a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,368 shares of the real estate investment trust’s stock, valued at approximately $1,811,000. Prologis accounts for about 1.5% of Figure 8 Investment Strategies LLC’s investment portfolio, making the stock its 27th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new position in Prologis during the 4th quarter valued at approximately $26,000. High Point Wealth Management LLC bought a new stake in Prologis in the fourth quarter worth $26,000. Clearstead Trust LLC bought a new stake in Prologis in the second quarter worth $28,000. SouthState Bank Corp grew its stake in shares of Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the fourth quarter valued at $29,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $140.30 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50-day simple moving average of $142.90 and a two-hundred day simple moving average of $140.13. The firm has a market capitalization of $130.91 billion, a PE ratio of 31.25 and a beta of 1.31. Prologis, Inc. has a 52-week low of $107.03 and a 52-week high of $153.35.

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 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 firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm earned $1.46 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts forecast that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their target price on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Barclays upped their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

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.