Prestige Wealth Management Group LLC Acquires 11,987 Shares of Prologis, Inc. $PLD

Prestige Wealth Management Group LLC boosted its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1,700.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,692 shares of the real estate investment trust’s stock after purchasing an additional 11,987 shares during the period. Prestige Wealth Management Group LLC’s holdings in Prologis were worth $1,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLD. First Citizens Bank & Trust Co. grew its position in shares of Prologis by 2.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 102,047 shares of the real estate investment trust’s stock worth $13,489,000 after buying an additional 2,215 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Prologis by 38.7% during the first quarter. First Trust Advisors LP now owns 317,095 shares of the real estate investment trust’s stock valued at $41,914,000 after acquiring an additional 88,423 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Prologis by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 751,870 shares of the real estate investment trust’s stock valued at $99,382,000 after acquiring an additional 5,459 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new position in shares of Prologis during the first quarter valued at approximately $191,000. Finally, Burling Wealth Partners LLC lifted its stake in Prologis by 9.9% in the first quarter. Burling Wealth Partners LLC now owns 43,384 shares of the real estate investment trust’s stock worth $5,734,000 after acquiring an additional 3,919 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Prologis Trading Down 3.5%

PLD opened at $144.67 on Thursday. The stock has a market cap of $134.88 billion, a PE ratio of 32.22 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $143.37 and a 200-day moving average of $138.37. 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 results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities research analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 16th. Prologis’s payout ratio is 95.32%.

More Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Barclays reiterated a buy rating on Prologis, and Truist raised its price target to $162 from $154, reinforcing the view that the stock still has upside after its recent run. Prologis (PLD) Gets a Buy from Barclays
• Positive Sentiment: Analysts and industry coverage pointed to accelerating warehouse leasing and AI-related demand helping Prologis expand, which supports the company’s long-term growth outlook. Prologis (NYSE:PLD) Turns AI Demand Into Expansion
• Positive Sentiment: Prologis reported stronger-than-expected quarterly earnings and revenue, which has also been cited as a catalyst for industrial REITs broadly and helps explain investor confidence in PLD. Prologis Earnings Drive Industrial REITs Higher
• Neutral Sentiment: Prologis is making a “best and final” takeover bid for UK warehouse landlord SEGRO, which could create strategic benefits if successful, but also adds execution and deal-risk uncertainty. Prologis Makes Final $18.7 Billion Bid to Take Over Segro
• Neutral Sentiment: Shareholder and analyst commentary around the SEGRO transaction suggests the market is still weighing the likelihood and terms of a deal, keeping attention on Prologis rather than changing fundamentals directly. Segro shareholder urges engagement with Prologis over $18.1 billion proposal
• Negative Sentiment: One market note argued PLD has run too far and may be above fair value after a large recent move, which could encourage profit-taking and limit near-term upside. Prologis (PLD) Stock Looks Above Fair Value As 42% Run Cools

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLD. BTIG Research lifted 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. Argus upped their price objective on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Scotiabank cut shares of Prologis from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $154.00 to $146.00 in a research report on Thursday, June 18th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Barclays lifted their target price 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. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and a consensus price target of $153.62.

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.