Family Legacy Inc. Makes New Investment in Prologis, Inc. $PLD

Family Legacy Inc. acquired a new position in Prologis, Inc. (NYSE:PLD) in the 2nd quarter, HoldingsChannel reports. The firm acquired 19,394 shares of the real estate investment trust’s stock, valued at approximately $2,627,000.

Other large investors also recently modified their holdings of the company. Sandy Cove Advisors LLC boosted its position in shares of Prologis by 1.9% during the second quarter. Sandy Cove Advisors LLC now owns 3,854 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 73 shares during the last quarter. CoreCap Advisors LLC raised its position in Prologis by 5.0% in the 2nd quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 73 shares during the last quarter. Boltwood Capital Management lifted its stake in Prologis by 1.5% during the 2nd quarter. Boltwood Capital Management now owns 5,170 shares of the real estate investment trust’s stock valued at $700,000 after acquiring an additional 75 shares in the last quarter. High Note Wealth LLC lifted its stake in Prologis by 43.9% during the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 76 shares in the last quarter. Finally, Hibernia Wealth Partners LLC boosted its holdings in Prologis by 2.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Raymond James Financial started coverage on shares of Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating for the company. Mizuho boosted their price target on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Truist Financial upped their price objective on shares of Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on shares of Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Down 0.1%

Shares of NYSE PLD opened at $141.10 on Friday. 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 stock has a market capitalization of $131.66 billion, a PE ratio of 31.43 and a beta of 1.31. Prologis, Inc. has a one year low of $105.42 and a one year high of $153.35. The business’s fifty day moving average price is $143.09 and its 200-day moving average price is $139.86.

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 the consensus estimate of $0.75 by $0.38. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, equities research analysts anticipate that Prologis, Inc. will post 6.28 EPS for the current year.

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.