United Capital Financial Advisors LLC Buys Shares of 49,776 Prologis, Inc. $PLD

United Capital Financial Advisors LLC purchased a new position 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 49,776 shares of the real estate investment trust’s stock, valued at approximately $6,743,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sandy Cove Advisors LLC raised its stake in 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 worth $522,000 after acquiring an additional 73 shares during the period. CoreCap Advisors LLC boosted its stake in Prologis by 5.0% in the second quarter. CoreCap Advisors LLC now owns 1,538 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 73 shares during the period. Boltwood Capital Management boosted its stake in Prologis by 1.5% in the second 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 period. High Note Wealth LLC grew its holdings in shares of Prologis by 43.9% during the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC grew its holdings in shares of Prologis by 2.5% during the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock valued at $406,000 after purchasing an additional 76 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Morgan Stanley raised their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Wells Fargo & Company increased their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Raymond James Financial started coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. BMO Capital Markets reduced their price target on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Finally, Weiss Ratings lowered shares of Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $154.57.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Prologis Stock Performance

PLD opened at $141.99 on Friday. 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 business’s 50 day moving average is $142.44 and its 200-day moving average is $140.59. The stock has a market cap of $132.49 billion, a PE ratio of 31.62 and a beta of 1.31. Prologis, Inc. has a twelve month low of $110.51 and a twelve month high of $153.35.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company posted $1.46 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, analysts predict that Prologis, Inc. will post 6.27 earnings per share 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.