Prologis, Inc. $PLD Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,988 shares of the real estate investment trust’s stock after selling 5,585 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Prologis were worth $1,403,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Prologis in the fourth quarter valued at $783,000. PNC Financial Services Group Inc. lifted its holdings in shares of Prologis by 1.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 746,411 shares of the real estate investment trust’s stock valued at $95,287,000 after buying an additional 11,569 shares during the period. Tredje AP fonden lifted its holdings in shares of Prologis by 2.7% in the fourth quarter. Tredje AP fonden now owns 253,751 shares of the real estate investment trust’s stock valued at $32,394,000 after buying an additional 6,751 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Prologis by 1.8% in the fourth quarter. Larson Financial Group LLC now owns 25,317 shares of the real estate investment trust’s stock valued at $3,232,000 after buying an additional 447 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Prologis by 42.0% in the fourth quarter. Handelsbanken Fonder AB now owns 508,680 shares of the real estate investment trust’s stock valued at $64,938,000 after buying an additional 150,444 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Up 1.4%

Shares of Prologis stock opened at $144.44 on Thursday. The stock has a 50-day moving average price of $137.45 and a 200 day moving average price of $133.12. The company has a market cap of $134.67 billion, a P/E ratio of 36.38, a P/E/G ratio of 3.14 and a beta of 1.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research analyst reports. Robert W. Baird upped their price objective on Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Royal Bank Of Canada upped their price objective on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Evercore set a $135.00 price objective on Prologis in a report on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Finally, BTIG Research restated a “buy” rating and issued a $155.00 price objective on shares of Prologis in a report on Wednesday, April 15th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.76.

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.