6,293 Prologis, Inc. $PLD Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its position in shares of Prologis, Inc. (NYSE:PLD) by 6.9% in the third quarter, Holdings Channel reports. The firm owned 85,186 shares of the real estate investment trust’s stock after selling 6,293 shares during the period. Park Avenue Securities LLC’s holdings in Prologis were worth $11,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLD. BlackRock Inc. bought a new stake in shares of Prologis during the 2nd quarter worth about $14,006,587,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Prologis by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,753,884 shares of the real estate investment trust’s stock worth $1,998,709,000 after purchasing an additional 618,467 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Prologis by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 11,565,453 shares of the real estate investment trust’s stock valued at $1,528,636,000 after purchasing an additional 110,681 shares in the last quarter. Legal & General Group Plc acquired a new stake in Prologis during the second quarter valued at approximately $1,473,965,000. Finally, Bank of America Corp DE bought a new stake in shares of Prologis in the 2nd quarter worth about $1,427,256,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Trading Up 0.2%

NYSE:PLD opened at $126.52 on Wednesday. Prologis, Inc. has a one year low of $121.40 and a one year high of $153.35. The firm’s fifty day moving average price is $133.76 and its two-hundred day moving average price is $137.80.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 EPS for the quarter, beating the consensus estimate of $0.78 by $0.82. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.18 billion. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.49 EPS. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, sell-side analysts forecast that Prologis, Inc. will post 6.28 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 16th.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Raymond James upgraded Prologis to Outperform from Market Perform and assigned a $163 price target. The upgrade suggests the firm sees sufficient potential for valuation recovery and improved performance. Raymond James upgrades Prologis to outperform from market perform
• Positive Sentiment: One valuation analysis argues that Prologis could still be approximately 17% undervalued despite changes to its 2026 outlook. That view supports the potential for upside if logistics-property demand, rents and operating results remain resilient. Prologis lifted 2026 guidance, is the 17% undervalued view still intact?
• Neutral Sentiment: The UK Competition and Markets Authority is seeking comments on the proposed Prologis-Segro transaction. The consultation is a normal step in the review process, but investors will monitor whether regulators raise concerns that could delay or affect the deal. UK Competition Watchdog Seeks Comments on Prologis-Segro Deal
• Neutral Sentiment: Prologis was included in recent lists of growth stocks to watch, providing additional visibility but no specific new company catalyst or change to its fundamentals. Top Growth Stocks To Add to Your Watchlist Top Growth Stocks To Follow Today
• Negative Sentiment: Truist Securities cut its Prologis price target to $141 from $162 while maintaining a Buy rating. The reduced target signals more cautious expectations for valuation or near-term growth, even though the analyst remains constructive. Truist Securities Adjusts Price Target on PLD
• Negative Sentiment: Another analysis questions whether Prologis can sustain a premium valuation after a reported reduction to 2026 guidance. That raises concerns about earnings growth and limits near-term upside unless operating performance improves. Can Prologis support a premium after cutting 2026 guidance?

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BTIG Research reaffirmed a “buy” rating and issued a $170.00 target price on shares of Prologis in a research note on Friday, October 16th. Williams Trading set a $150.00 price target on shares of Prologis in a research note on Friday, October 16th. Truist Financial dropped their price target on Prologis from $162.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho lifted their price objective on shares of Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Wells Fargo & Company decreased their price objective on Prologis from $167.00 to $166.00 and set an “overweight” rating for the company in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.68.

Prologis Profile

Prologis, Inc is a global real estate investment trust that owns, develops, acquires and manages logistics properties. Its portfolio primarily includes warehouses, distribution centers and fulfillment facilities used by retailers, manufacturers, transportation companies and other businesses to support supply-chain operations and e-commerce.

The company also provides property management, development and leasing services, along with related supply-chain and customer solutions. Through its Prologis Essentials platform, it offers services and technologies designed to help customers improve warehouse operations, including energy, mobility and operational solutions.

Prologis serves major population centers and trade corridors across North America, Europe, Asia and Latin America.