Moloney Securities Asset Management LLC makes a new $237,000 investment in Prologis, Inc. (NYSE:PLD)

Moloney Securities Asset Management LLC acquired a new position in Prologis, Inc. (NYSE:PLD – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,106 shares of the real estate investment trust’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Prologis by 380.0% in the first quarter. Nordea Investment Management AB now owns 333,022 shares of the real estate investment trust’s stock worth $43,046,000 after buying an additional 263,649 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of Prologis by 18.8% in the fourth quarter. Janney Capital Management LLC now owns 23,872 shares of the real estate investment trust’s stock worth $3,182,000 after purchasing an additional 3,773 shares in the last quarter. Swedbank AB lifted its position in shares of Prologis by 9.2% in the second quarter. Swedbank AB now owns 5,002,274 shares of the real estate investment trust’s stock worth $561,805,000 after purchasing an additional 420,687 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Prologis by 36.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 162,990 shares of the real estate investment trust’s stock worth $18,305,000 after purchasing an additional 43,235 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC acquired a new stake in shares of Prologis in the fourth quarter worth about $18,551,000. Institutional investors and hedge funds own 93.50% of the company’s shares.

Insider trading at Prologis

In other Prologis news, CIO Joseph Ghazal sold 5,200 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the transaction, the director now owns 13,187 shares of the company’s stock, valued at approximately $1,702,046.09. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. 0.50% of shares are owned by company insiders.

Prologis stock up 2.0%

Shares of PLD stock opened at $127.82 on Friday. The company has a market cap of $118.34 billion, a P/E ratio of 37.37, a PEG ratio of 3.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36, and a quick ratio of 0.29. Prologis, Inc. has a one year low of $96.64 and a one year high of $137.52. The company’s 50-day simple moving average is $121.00, and its 200-day simple moving average is $119.18.

Prologis (NYSE:PLD – Get Free Report ) last announced its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.41). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Prologis had a return on equity of 4.88% and a net margin of 36.37%. The company’s revenue was down 18.1% compared to the same quarter last year. In the same period last year, the firm earned $1.83 per share. As a group, sell-side analysts predict that Prologis, Inc. will post 5.43 EPS for the current fiscal year.

The Wall Street analyst weighs in

PLD has been the subject of several recent analyst reports. StockNews.com upgraded Prologis from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Truist Financial raised their price objective on Prologis from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Mizuho dropped their price objective on Prologis from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Royal Bank of Canada lowered Prologis from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $124.00 to $127.00 in a research note from Monday, August 5. Finally, Wells Fargo & Company raised their price objective on Prologis from $142.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.12, according to MarketBeat.com.

Get the latest report on PLD

Prologis profile

(Free report)

Prologis, Inc is the global leader in real estate logistics with a focus on high barrier and high growth markets. As of March 31, 2024, the company owned or had investments in, on a wholly owned or co-invested basis, properties and development projects estimated to total approximately 1.2 billion square meters (115 million square feet) in 19 countries.

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