Banque Cantonale Vaudoise Takes $253,000 Position in Prologis, Inc. (NYSE:PLD)

Banque Cantonale Vaudoise purchased a new position in Prologis, Inc. (NYSE:PLD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,254 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLD. Optimum Investment Advisors acquired a new position in shares of Prologis in the 1st quarter worth approximately $26,000. American Capital Advisory LLC acquired a new position in Prologis in the second quarter worth $26,000. True Wealth Design LLC acquired a new position in Prologis in the fourth quarter worth $27,000. Central Valley Advisors LLC bought a new stake in Prologis during the second quarter valued at $29,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Prologis by 254.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 234 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 168 shares during the period. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Prologis from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, August 5th. Mizuho decreased their target price on Prologis from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company increased their price target on Prologis from $142.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price objective on Prologis from $135.00 to $142.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Finally, StockNews.com raised Prologis from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.12.

Prologis Price Performance

Shares of NYSE:PLD opened at $127.82 on Tuesday. The stock has a market cap of $118.35 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 3.28 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 0.36. Prologis, Inc. has a 12 month low of $96.64 and a 12 month high of $137.52. The stock’s 50 day moving average price is $121.32 and its 200 day moving average price is $118.99.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.41). Prologis had a return on equity of 4.88% and a net margin of 36.37%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.83 EPS. The firm’s quarterly revenue was down 18.1% on a year-over-year basis. Equities research analysts anticipate that Prologis, Inc. will post 5.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Prologis

In other news, CIO Joseph Ghazal sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $129.07, for a total transaction of $671,164.00. Following the completion of the transaction, the executive now owns 13,187 shares in the company, valued at approximately $1,702,046.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Prologis Profile

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