UNIVEST FINANCIAL Corp Makes New Investment in Prologis, Inc. $PLD

UNIVEST FINANCIAL Corp purchased a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,510 shares of the real estate investment trust’s stock, valued at approximately $2,101,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. High Point Wealth Management LLC bought a new stake in Prologis in the 4th quarter worth about $26,000. Ares Financial Consulting LLC purchased a new position in Prologis in the 4th quarter worth about $26,000. Clearstead Trust LLC bought a new position in Prologis during the 2nd quarter valued at about $28,000. SouthState Bank Corp lifted its stake in Prologis by 73.1% during the 4th 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. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors.

Prologis Stock Down 0.3%

Shares of PLD stock opened at $140.61 on Tuesday. Prologis, Inc. has a 12 month low of $105.42 and a 12 month high of $153.35. The stock has a market cap of $131.20 billion, a P/E ratio of 31.32 and a beta of 1.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company has a 50 day simple moving average of $143.05 and a two-hundred day simple moving average of $140.04.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (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 firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts expect that Prologis, Inc. will post 6.28 earnings per share for the current year.

Insider Activity at Prologis

In other 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 transaction of $539,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLD. DA Davidson lifted their price target 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. Raymond James Financial started coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating on the stock. Citigroup lifted their target price on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Morgan Stanley increased their price target on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $160.00 in a report on Tuesday, August 4th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.57.

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.