Prologis, Inc. $PLD Shares Sold by Stenger Family Office LLC

Stenger Family Office LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 29.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,029 shares of the real estate investment trust’s stock after selling 10,207 shares during the quarter. Stenger Family Office LLC’s holdings in Prologis were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC bought a new stake in Prologis during the fourth quarter valued at $26,000. Ares Financial Consulting LLC bought a new position in shares of Prologis in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis in the 4th quarter worth about $27,000. SouthState Bank Corp boosted its holdings in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Prologis in the 4th quarter valued at about $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLD shares. Morgan Stanley boosted their price objective on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America lifted their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, April 20th. DA Davidson upped their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $151.48.

Prologis Stock Performance

Shares of PLD opened at $140.63 on Friday. The firm has a fifty day moving average of $142.91 and a 200-day moving average of $136.05. The company has a market cap of $131.11 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 3.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18.

Prologis (NYSE:PLD) last released its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current year.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $1.07 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

About Prologis

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.