55,277 Shares in Prologis, Inc. $PLD Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 55,277 shares of the real estate investment trust’s stock, valued at approximately $7,781,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after purchasing an additional 1,258,407 shares during the last quarter. Geode Capital Management LLC raised its position in Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock valued at $2,925,791,000 after purchasing an additional 339,906 shares during the last quarter. Capital Research Global Investors raised its position in Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock valued at $2,050,397,000 after purchasing an additional 678,363 shares during the last quarter. Norges Bank purchased a new stake in Prologis in the 4th quarter worth approximately $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after buying an additional 516,765 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Trading Up 0.1%

NYSE:PLD opened at $141.10 on Monday. Prologis, Inc. has a one year low of $105.42 and a one year high of $153.35. 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 company’s 50-day simple moving average is $143.09 and its 200 day simple moving average is $139.96. The firm has a market capitalization of $131.66 billion, a P/E ratio of 31.43 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on 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 accessible through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLD has been the topic of several research analyst reports. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings raised Prologis from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Raymond James Financial assumed coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. Scotiabank boosted their price objective on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley upped their price objective on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $154.57.

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.