Rhumbline Advisers Trims Stock Position in Prologis, Inc. $PLD

Rhumbline Advisers trimmed its stake in Prologis, Inc. (NYSE:PLD) by 3.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,744,600 shares of the real estate investment trust’s stock after selling 71,174 shares during the period. Rhumbline Advisers’ holdings in Prologis were worth $199,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clayton Financial Group LLC purchased a new position in shares of Prologis during the third quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis in the 3rd quarter valued at about $36,000. AlphaQuest LLC acquired a new stake in shares of Prologis in the 3rd quarter valued at about $39,000. Twin Peaks Wealth Advisors LLC purchased a new position in Prologis during the 2nd quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. acquired a new position in Prologis during the third quarter worth approximately $44,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLD has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $133.00 to $146.00 in a research report on Wednesday, January 14th. Barclays reiterated an “overweight” rating and set a $139.00 price target on shares of Prologis in a research note on Tuesday, January 13th. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday, January 22nd. Finally, Truist Financial reduced 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. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.32.

Prologis Stock Performance

NYSE:PLD opened at $140.41 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The firm has a market cap of $130.42 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 3.40 and a beta of 1.42. The firm’s fifty day moving average price is $129.87 and its 200 day moving average price is $121.36. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $140.96.

Prologis (NYSE:PLD) last released its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The company 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 5.78%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s payout ratio is currently 113.80%.

Insiders Place Their Bets

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was 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 approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.

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.