7,114 Shares in Prologis, Inc. $PLD Bought by Csenge Advisory Group

Csenge Advisory Group bought a new position in Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 7,114 shares of the real estate investment trust’s stock, valued at approximately $964,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AssuredPartners Investment Advisors LLC bought a new position in shares of Prologis during the second quarter worth about $3,436,000. Johnson Financial Group Inc. bought a new stake in Prologis in the 2nd quarter valued at about $29,000. one8zero8 LLC acquired a new position in Prologis during the 2nd quarter valued at about $1,469,000. West Family Investments Inc. bought a new position in Prologis in the 2nd quarter worth about $588,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of Prologis in the second quarter valued at approximately $1,623,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLD. Scotiabank lifted their price target on Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a report on Thursday, July 23rd. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $148.00 to $160.00 in a research report on Tuesday, August 4th. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Raymond James Financial began coverage on Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Stock Up 0.8%

PLD stock opened at $141.12 on Thursday. The firm’s 50-day moving average is $142.80 and its two-hundred day moving average is $140.21. The company has a market capitalization of $131.67 billion, a price-to-earnings ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a 52 week low of $107.84 and a 52 week high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current fiscal year.

About Prologis

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.