Oppenheimer Asset Management Inc. Makes New Investment in Prologis, Inc. $PLD

Oppenheimer Asset Management Inc. purchased a new position in shares of Prologis, Inc. (NYSE:PLD) during the second quarter, HoldingsChannel reports. The fund purchased 30,324 shares of the real estate investment trust’s stock, valued at approximately $4,108,000.

A number of other large investors have also made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in Prologis during the 4th quarter worth $26,000. Ares Financial Consulting LLC acquired a new position in Prologis in the fourth quarter valued at about $26,000. SouthState Bank Corp grew its stake in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 95 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Prologis in the fourth quarter worth about $29,000. Finally, High Note Wealth LLC increased its holdings 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 worth $32,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

PLD opened at $141.10 on Friday. The company has a market capitalization of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The business’s 50-day moving average price is $143.09 and its two-hundred day moving average price is $139.86. Prologis, Inc. has a 1 year low of $105.42 and a 1 year high of $153.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.Prologis’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts expect that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird set a $140.00 target price on Prologis in a research note on Friday, July 31st. DA Davidson raised their target price on shares of Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays lifted their price target on shares of Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, BTIG Research upped their price target on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.57.

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.