Parallax Volatility Advisers L.P. Invests $1.21 Million in Prologis, Inc. $PLD

Parallax Volatility Advisers L.P. purchased a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,954 shares of the real estate investment trust’s stock, valued at approximately $1,213,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sandy Cove Advisors LLC boosted its position in Prologis by 1.9% in 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 in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Prologis by 5.0% during the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 73 shares in the last quarter. Boltwood Capital Management lifted its stake in shares of Prologis by 1.5% in 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 during the last quarter. High Note Wealth LLC boosted its holdings in shares of 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 grew its position 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. 93.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Robert W. Baird set a $140.00 target price on shares of Prologis in a research report on Friday, July 31st. Scotiabank raised their price target on shares of Prologis from $146.00 to $150.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Barclays boosted their price objective on shares of Prologis from $139.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Royal Bank Of Canada upgraded Prologis from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $160.00 in a report on Tuesday, August 4th. Finally, Truist Financial lifted their target price on Prologis from $154.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Prologis Trading Down 0.4%

Shares of PLD stock opened at $142.70 on Thursday. Prologis, Inc. has a fifty-two week low of $110.51 and a fifty-two week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day simple moving average of $142.41 and a two-hundred day simple moving average of $140.55. The company has a market cap of $133.15 billion, a P/E ratio of 31.78 and a beta of 1.31.

Prologis (NYSE:PLD) last issued its earnings results 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 return on equity of 7.29% and a net margin of 45.79%.The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. Prologis’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. Research analysts forecast that Prologis, Inc. will post 6.27 earnings per share for the current year.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction that occurred 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 document filed with the SEC, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Prologis 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.