Canandaigua National Bank & Trust Co. Makes New Investment in Prologis, Inc. $PLD

Canandaigua National Bank & Trust Co. bought a new stake in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 7,315 shares of the real estate investment trust’s stock, valued at approximately $991,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC increased its stake in shares of 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 purchasing an additional 73 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Prologis by 5.0% during the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 73 shares during the period. Boltwood Capital Management lifted its position in shares of Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 75 shares in the last quarter. High Note Wealth LLC grew its stake in Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Finally, Hibernia Wealth Partners LLC grew its stake in Prologis by 2.5% in the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PLD shares. Morgan Stanley upped their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. DA Davidson boosted their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Jefferies Financial Group decreased their price target on shares of Prologis from $157.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets lowered their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Finally, BTIG Research boosted their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Key Stories Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis agreed to acquire U.K. logistics-property owner SEGRO plc in a recommended transaction valued at up to approximately £14.3 billion ($19.2 billion). SEGRO shareholders will generally receive 0.092 newly issued Prologis shares per SEGRO share, with a partial cash alternative. The deal would significantly expand Prologis’ European logistics platform and could provide longer-term growth and operating synergies. Reuters article on Prologis SEGRO transaction
• Positive Sentiment: RBC Capital upgraded Prologis to the equivalent of a Buy rating, adding a favorable analyst signal while the company pursues expansion and benefits from continued demand for logistics and data-center-related real estate. Seeking Alpha article on RBC Capital rating
• Positive Sentiment: Recent coverage highlighted strong demand for data-center capacity and the broader movement of goods through Prologis’ logistics network, supporting the long-term outlook for occupancy, rents and property development. Kalkine Media article on Prologis data-center demand
• Negative Sentiment: To help fund the SEGRO acquisition, Prologis priced a public offering of 15 million common shares expected to generate approximately $2.1 billion before expenses. The issuance increases the share count and creates near-term dilution, which pressured the stock following the announcement even though it strengthens funding for the transaction. Prologis common stock offering announcement

Prologis Price Performance

Shares of NYSE PLD opened at $140.90 on Thursday. The firm has a 50-day simple moving average of $143.48 and a 200-day simple moving average of $139.45. 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 capitalization of $131.47 billion, a price-to-earnings ratio of 31.38 and a beta of 1.31. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last released 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. Prologis’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, equities analysts predict that Prologis, Inc. will post 6.28 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.