Coastal Bridge Advisors LLC Makes New $1.23 Million Investment in Prologis, Inc. $PLD

Coastal Bridge Advisors LLC acquired a new stake in shares of 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 acquired 9,073 shares of the real estate investment trust’s stock, valued at approximately $1,229,000.

A number of other institutional investors also recently modified their holdings of the company. Solstein Capital LLC bought a new stake in Prologis during the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in shares of Prologis in the second quarter valued at $25,000. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter valued at $26,000. Clearstead Trust LLC acquired a new position in shares of Prologis during the second quarter valued at about $28,000. Finally, SouthState Bank Corp grew its holdings in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLD has been the topic of a number of analyst reports. Raymond James Financial began coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. BTIG Research lifted their price target on Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Barclays boosted 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. Robert W. Baird set a $140.00 price objective on Prologis in a research note on Friday, July 31st. Finally, Mizuho raised their target price on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.57.

Prologis Stock Performance

NYSE PLD opened at $141.99 on Friday. The company has a fifty day moving average price of $142.44 and a 200-day moving average price of $140.59. The firm has a market cap of $132.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70. Prologis, Inc. has a 1 year low of $110.51 and a 1 year 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 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 company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $1.46 earnings per share. The firm’s 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, equities research analysts predict that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were 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 is accessible through this link. Company insiders own 0.52% of the company’s stock.

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.