Royal Fund Management LLC Decreases Holdings in Prologis, Inc. $PLD

Royal Fund Management LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 73.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,200 shares of the real estate investment trust’s stock after selling 6,004 shares during the quarter. Royal Fund Management LLC’s holdings in Prologis were worth $291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis in the 4th quarter worth $26,000. Ares Financial Consulting LLC purchased a new stake in Prologis in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in Prologis in the fourth quarter valued at about $27,000. SouthState Bank Corp boosted its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in Prologis in the fourth quarter worth about $29,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Up 0.4%

Shares of NYSE:PLD opened at $146.09 on Friday. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $153.35. The stock has a market cap of $136.20 billion, a price-to-earnings ratio of 32.54 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 price of $143.81 and a 200-day moving average price of $139.13.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter 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 analysts predict that Prologis, Inc. will post 6.28 EPS for the current year.

Insider Buying and Selling

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLD. Truist Financial upped their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group lowered their target price on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Mizuho boosted their target price on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Morgan Stanley boosted their target price on shares of Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $153.81.

Prologis Company 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.