Beacon Financial Advisory LLC Reduces Holdings in Prologis, Inc. $PLD

Beacon Financial Advisory LLC decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 69.8% during the first quarter, HoldingsChannel reports. The firm owned 3,497 shares of the real estate investment trust’s stock after selling 8,073 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Prologis were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Prologis in the 2nd quarter worth about $422,000. NewEdge Advisors LLC grew its position in shares of Prologis by 6.8% in the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after buying an additional 4,074 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Prologis by 2.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. Hedge funds and other institutional investors 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 stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson boosted their price target on Prologis from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Robert W. Baird raised their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. BTIG Research increased their target price on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reduced their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Finally, Argus upped their target price on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.00.

Prologis Trading Down 0.2%

Shares of NYSE:PLD opened at $139.21 on Monday. The stock has a market capitalization of $129.79 billion, a price-to-earnings ratio of 35.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock’s 50-day simple moving average is $142.78 and its two-hundred day simple moving average is $136.88. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $150.18.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.