Prologis, Inc. $PLD Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 13.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,600 shares of the real estate investment trust’s stock after selling 7,496 shares during the period. Prospera Financial Services Inc’s holdings in Prologis were worth $5,452,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Prologis in the second quarter valued at $1,288,936,000. Franklin Resources Inc. grew its stake in shares of Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock valued at $1,056,545,000 after acquiring an additional 6,870,479 shares in the last quarter. State Street Corp increased its position in shares of Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock worth $6,164,325,000 after acquiring an additional 1,088,544 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Prologis by 30.3% during the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Prologis by 11,585.8% in the second quarter. Balyasny Asset Management L.P. now owns 882,398 shares of the real estate investment trust’s stock worth $92,758,000 after acquiring an additional 874,847 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLD shares. Wells Fargo & Company raised their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. Finally, Citigroup restated a “buy” rating on shares of Prologis in a research note on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.32.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.57% of the company’s stock.

Prologis Stock Up 2.3%

PLD stock opened at $140.41 on Wednesday. The firm has a fifty day moving average price of $129.87 and a two-hundred day moving average price of $121.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $140.96. The firm has a market cap of $130.42 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.40 and a beta of 1.42.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Prologis Company 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.