Pacific Heights Asset Management LLC Makes New Investment in Prologis, Inc. $PLD

Pacific Heights Asset Management LLC bought a new stake in Prologis, Inc. (NYSE:PLD) during the second quarter, Holdings Channel.com reports. The firm bought 225,000 shares of the real estate investment trust’s stock, valued at approximately $30,481,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PLD. Manning & Napier Advisors LLC bought a new position in shares of Prologis during the second quarter worth about $25,000. Solstein Capital LLC bought a new stake in Prologis in the 2nd quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in Prologis during the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in Prologis during the 2nd quarter valued at about $28,000. Finally, Johnson Financial Group Inc. bought a new position in Prologis in the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’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 transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PLD shares. Weiss Ratings lowered shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Wells Fargo & Company boosted their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Truist Financial raised their target price on Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Barclays lifted their target price on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. 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 a consensus rating of “Moderate Buy” and an average price target of $154.57.

Prologis Stock Down 0.4%

Prologis stock opened at $141.99 on Friday. The stock 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 current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $142.44 and its two-hundred day moving average price is $140.59. Prologis, Inc. has a 52 week low of $110.51 and a 52 week high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly 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. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts expect that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

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.