Erste Asset Management GmbH Sells 62,407 Shares of Prologis, Inc. $PLD

Erste Asset Management GmbH lessened its holdings in Prologis, Inc. (NYSE:PLD) by 38.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,213 shares of the real estate investment trust’s stock after selling 62,407 shares during the quarter. Erste Asset Management GmbH’s holdings in Prologis were worth $11,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clayton Financial Group LLC bought a new stake in shares of Prologis in the 3rd quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new position in Prologis during the 3rd quarter valued at approximately $36,000. Rossby Financial LCC raised its stake in Prologis by 69.6% during the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 135 shares during the last quarter. AlphaQuest LLC bought a new stake in Prologis in the third quarter worth $39,000. Finally, Clear Investment Research LLC boosted its holdings in Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the transaction, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is owned by insiders.

Prologis Price Performance

PLD opened at $142.44 on Friday. The company’s 50-day simple moving average is $132.89 and its two-hundred day simple moving average is $124.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $132.41 billion, a P/E ratio of 40.12, a P/E/G ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95.

Prologis (NYSE:PLD) last released its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is presently 113.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLD shares. BMO Capital Markets restated a “market perform” rating and set a $123.00 price target on shares of Prologis in a report on Thursday, January 22nd. Barclays reissued an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research report on Tuesday, January 13th. Truist Financial decreased their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, BNP Paribas Exane raised their price target on shares of Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Fourteen 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 currently has an average rating of “Moderate Buy” and a consensus price target of $136.95.

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.