Segall Bryant & Hamill LLC Sells 8,778 Shares of Prologis, Inc. $PLD

by · The Cerbat Gem

Segall Bryant & Hamill LLC trimmed its position in Prologis, Inc. (NYSE:PLD – Free Report) by 4.9% in the first quarter, Holdings Channel.com reports. The firm owned 169,441 shares of the real estate investment trust’s stock after selling 8,778 shares during the period. Segall Bryant & Hamill LLC’s holdings in Prologis were worth $22,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLD. High Point Wealth Management LLC bought a new position in shares of Prologis in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new stake in shares of Prologis during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Prologis during the fourth quarter worth approximately $27,000. SouthState Bank Corp raised its stake in shares of Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in Prologis in the fourth quarter valued at approximately $29,000. 93.50% of the stock is owned by institutional investors.

Insider Activity at Prologis

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

Prologis Stock Down 0.9%

Shares of NYSE PLD opened at $144.94 on Friday. The stock has a market cap of $135.24 billion, a P/E ratio of 32.28 and a beta of 1.32. The firm has a 50 day moving average price of $143.78 and a 200 day moving average price of $139.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.70. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $153.35.

Prologis (NYSE:PLD – Get Free Report) last posted its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion for 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 last year, the business posted $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Analysts expect that Prologis, Inc. will post 6.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLD. BMO Capital Markets lowered their target price 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. Wells Fargo & Company increased their price target on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. BTIG Research raised their price target on Prologis from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Evercore set a $135.00 price objective on Prologis in a research note on Friday, April 17th. Finally, Barclays upped their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Get Our Latest Stock Report on Prologis

Prologis Profile

(Free Report)

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.

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