GTS Securities LLC Lowers Position in Prologis, Inc. $PLD

GTS Securities LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 37.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,963 shares of the real estate investment trust’s stock after selling 4,864 shares during the period. GTS Securities LLC’s holdings in Prologis were worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLD. Flputnam Investment Management Co. increased its stake in Prologis by 3.1% in the 2nd quarter. Flputnam Investment Management Co. now owns 62,832 shares of the real estate investment trust’s stock worth $8,512,000 after acquiring an additional 1,903 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its position in shares of Prologis by 5.3% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 11,350 shares of the real estate investment trust’s stock valued at $1,538,000 after acquiring an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Prologis by 2.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,356 shares of the real estate investment trust’s stock valued at $7,093,000 after acquiring an additional 1,441 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Prologis by 4.4% during the second 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 in the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in shares of Prologis by 7.9% during the second quarter. New Mexico Educational Retirement Board now owns 46,327 shares of the real estate investment trust’s stock worth $6,276,000 after purchasing an additional 3,400 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PLD has been the topic of several research analyst reports. Robert W. Baird set a $140.00 price objective on shares of Prologis in a research report on Friday, July 31st. BTIG Research lifted their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised shares of Prologis from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $148.00 to $160.00 in a research note on Tuesday, August 4th. Raymond James Financial started coverage on shares of Prologis in a report on Thursday, June 18th. They issued a “market perform” rating on the stock. Finally, Truist Financial raised their price objective on shares of Prologis from $154.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

Prologis Price Performance

PLD opened at $140.80 on Friday. The stock has a 50-day moving average price of $142.44 and a 200-day moving average price of $140.59. Prologis, Inc. has a 12-month low of $110.51 and a 12-month high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $131.38 billion, a P/E ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Equities analysts predict that Prologis, Inc. will post 6.27 earnings per share for the current fiscal year.

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.