Elevation Point Wealth Partners LLC Takes Position in Prologis, Inc. $PLD

Elevation Point Wealth Partners LLC acquired a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel reports. The firm acquired 25,769 shares of the real estate investment trust’s stock, valued at approximately $3,491,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new stake in Prologis during the fourth quarter valued at approximately $26,000. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter worth approximately $26,000. Clearstead Trust LLC purchased a new position in shares of Prologis during the 2nd quarter worth $28,000. Johnson Financial Group Inc. purchased a new position in shares of Prologis during the 2nd quarter worth $29,000. Finally, SouthState Bank Corp boosted its stake in shares of Prologis by 73.1% during the 4th 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. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PLD. Mizuho upped their price objective on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Raymond James Financial started coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, Truist Financial boosted their price objective on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Trading Up 0.8%

Shares of PLD stock opened at $141.77 on Friday. Prologis, Inc. has a 52-week low of $109.14 and a 52-week high of $153.35. 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 firm has a market capitalization of $132.28 billion, a PE ratio of 31.57 and a beta of 1.31. The stock has a fifty day simple moving average of $142.53 and a two-hundred day simple moving average of $140.29.

Prologis (NYSE:PLD) last posted its quarterly earnings results 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 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 last year, the firm earned $1.46 earnings per share. The business’s quarterly revenue 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, analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Transactions at Prologis

In related 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 transaction of $539,550.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

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.