Prologis, Inc. $PLD Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in shares of Prologis, Inc. (NYSE:PLD) by 36.0% during the second quarter, HoldingsChannel reports. The firm owned 424,119 shares of the real estate investment trust’s stock after selling 238,184 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Prologis were worth $44,583,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Prologis by 629.0% in the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Prologis by 123,350.0% during the first quarter. NBC Securities Inc. now owns 2,469 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 2,467 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Prologis by 37.4% during the first quarter. Merit Financial Group LLC now owns 13,538 shares of the real estate investment trust’s stock worth $1,513,000 after acquiring an additional 3,687 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Prologis by 37.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 11,881 shares of the real estate investment trust’s stock worth $1,328,000 after acquiring an additional 3,250 shares in the last quarter. Finally, E. Ohman J or Asset Management AB boosted its holdings in Prologis by 19.4% in the first quarter. E. Ohman J or Asset Management AB now owns 323,855 shares of the real estate investment trust’s stock valued at $36,204,000 after purchasing an additional 52,654 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 1,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $111.00, for a total value of $111,000.00. Following the sale, the director owned 9,829 shares of the company’s stock, valued at $1,091,019. This trade represents a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lori A. Palazzolo sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $111.33, for a total transaction of $2,783,250.00. Following the transaction, the chief accounting officer directly owned 414 shares of the company’s stock, valued at $46,090.62. The trade was a 98.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $2,952,095 in the last 90 days. Insiders own 0.57% of the company’s stock.

Prologis Stock Performance

Shares of PLD stock opened at $117.09 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $111.03 and a two-hundred day moving average of $107.63. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $127.65. The company has a market cap of $108.69 billion, a P/E ratio of 31.73, a PEG ratio of 2.93 and a beta of 1.28.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. Prologis had a return on equity of 5.96% and a net margin of 40.29%.The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm earned $1.34 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Prologis has set its FY 2025 guidance at 5.750-5.800 EPS. As a group, analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.01 per share. The ex-dividend date was Tuesday, September 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.5%. Prologis’s dividend payout ratio is currently 109.49%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLD shares. Citigroup cut their price target on shares of Prologis from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Evercore ISI upped their target price on shares of Prologis from $111.00 to $113.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Wells Fargo & Company set a $137.00 price target on Prologis and gave the stock an “overweight” rating in a research note on Sunday, July 13th. Barclays cut their price objective on Prologis from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Monday, September 15th. Finally, Wall Street Zen lowered Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.58.

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.