Simplicity Wealth LLC Takes $1.23 Million Position in Prologis, Inc. $PLD

Simplicity Wealth LLC acquired a new position in shares of Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,067 shares of the real estate investment trust’s stock, valued at approximately $1,228,000.

A number of other institutional investors have also made changes to their positions in PLD. Schnieders Capital Management LLC. increased its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after purchasing an additional 3,350 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Prologis by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 335,187 shares of the real estate investment trust’s stock valued at $42,790,000 after purchasing an additional 15,335 shares during the period. Meritage Portfolio Management raised its stake in shares of Prologis by 45.7% in the fourth quarter. Meritage Portfolio Management now owns 27,889 shares of the real estate investment trust’s stock valued at $3,560,000 after purchasing an additional 8,747 shares in the last quarter. Merrithew & Thorsten Inc bought a new position in Prologis in the fourth quarter worth $5,641,000. Finally, Merit Financial Group LLC lifted its holdings in shares of Prologis by 38.2% during the 4th quarter. Merit Financial Group LLC now owns 29,835 shares of the real estate investment trust’s stock worth $3,809,000 after acquiring an additional 8,240 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated 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 filing with the SEC, which is available at this link. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Citigroup boosted their target price on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Morgan Stanley lifted their target price on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Robert W. Baird set a $140.00 price objective on Prologis in a report on Friday, July 31st. Finally, BTIG Research lifted their price objective on shares of Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Performance

Shares of Prologis stock opened at $141.10 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $131.66 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. The stock’s 50-day moving average is $143.09 and its 200-day moving average is $139.96. Prologis, Inc. has a one year low of $105.42 and a one year high of $153.35.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company earned $1.46 earnings per share. 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. 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.