Meeder Advisory Services Inc. Takes $2.16 Million Position in Prologis, Inc. $PLD

Meeder Advisory Services Inc. purchased a new stake in shares of Prologis, Inc. (NYSE:PLD) during the 2nd quarter, Holdings Channel reports. The fund purchased 15,944 shares of the real estate investment trust’s stock, valued at approximately $2,160,000.

Other institutional investors also recently bought and sold shares of the company. Sandy Cove Advisors LLC increased its position 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 valued at $522,000 after acquiring an additional 73 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of 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 lifted its holdings 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 worth $700,000 after acquiring an additional 75 shares during the last quarter. High Note Wealth LLC lifted its holdings in shares of Prologis by 43.9% in the 4th quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Finally, Hibernia Wealth Partners LLC boosted its stake in shares of 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 purchasing an additional 76 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on PLD shares. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Mizuho raised their price objective on shares of Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. BMO Capital Markets dropped their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a research report on Monday, June 29th. Royal Bank Of Canada raised Prologis from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $148.00 to $160.00 in a research note on Tuesday, August 4th. Finally, DA Davidson increased their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Trading Down 0.2%

PLD stock opened at $140.30 on Wednesday. The company has a market capitalization of $130.91 billion, a PE ratio of 31.25 and a beta of 1.31. Prologis, Inc. has a 12 month low of $107.03 and a 12 month high of $153.35. The firm’s 50-day moving average is $142.90 and its 200 day moving average is $140.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.70 and a quick ratio of 0.70.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, 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.