3,870 Shares in Prologis, Inc. $PLD Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The firm bought 3,870 shares of the real estate investment trust’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nwam LLC lifted its position in shares of Prologis by 8.9% in the 2nd quarter. Nwam LLC now owns 2,059 shares of the real estate investment trust’s stock worth $279,000 after purchasing an additional 169 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of Prologis by 41.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,306 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 976 shares during the last quarter. Covington Investment Advisors Inc. increased its position in shares of Prologis by 1.9% during the second quarter. Covington Investment Advisors Inc. now owns 48,783 shares of the real estate investment trust’s stock worth $6,609,000 after buying an additional 930 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Prologis during the second quarter worth $298,000. Finally, Moore Capital Management LP raised its stake in Prologis by 12.3% during the second quarter. Moore Capital Management LP now owns 169,271 shares of the real estate investment trust’s stock worth $22,931,000 after buying an additional 18,503 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 2.2%

Prologis stock opened at $136.60 on Thursday. The company has a market capitalization of $127.46 billion, a PE ratio of 30.42 and a beta of 1.30. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The firm’s fifty day moving average is $142.16 and its 200 day moving average is $140.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

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, topping 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 business had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company posted $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. As a group, sell-side analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio (DPR) is currently 95.32%.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’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 transaction of $539,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PLD. Scotiabank boosted their target price on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Mizuho lifted their price objective on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. BTIG Research lifted their price objective on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Raymond James Financial initiated coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets cut their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research report on Monday, June 29th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.52.

Prologis 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.