Jennison Associates LLC Sells 14,251 Shares of Prologis, Inc. $PLD

Jennison Associates LLC cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,083,889 shares of the real estate investment trust’s stock after selling 14,251 shares during the period. Jennison Associates LLC owned about 0.12% of Prologis worth $124,127,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLD. Brighton Jones LLC grew its holdings in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Prologis during the 2nd quarter worth approximately $163,000. BankPlus Wealth Management LLC increased its position in Prologis by 6.8% in the 2nd quarter. BankPlus Wealth Management LLC now owns 2,983 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 191 shares during the period. Novem Group lifted its holdings in shares of Prologis by 3.7% during the second quarter. Novem Group now owns 34,124 shares of the real estate investment trust’s stock worth $3,587,000 after purchasing an additional 1,218 shares during the period. Finally, Evergreen Private Wealth LLC increased its holdings in Prologis by 12.4% in the second quarter. Evergreen Private Wealth LLC now owns 28,101 shares of the real estate investment trust’s stock valued at $2,954,000 after purchasing an additional 3,105 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on PLD shares. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday. Evercore ISI raised their price objective on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday. Truist Financial increased their target price on shares of Prologis from $131.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho raised their price target on shares of Prologis from $118.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, UBS Group boosted their price target on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.76.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Q4 revenue beat and strong leasing — Prologis reported Q4 results with revenue above expectations and management highlighted robust warehouse leasing, supporting near-term cash flow and rent-roll momentum. Article Title
• Positive Sentiment: Record lease signings in 2025 — Management said lease activity hit record levels last year, which underpins rent growth prospects and occupancy stability going into 2026. Article Title
• Positive Sentiment: U.S. warehouse market expected to tighten through 2026 — Prologis forecasts tighter fundamentals, a tailwind for future rent growth and valuations of logistics assets. Article Title
• Positive Sentiment: Analysts raising forecasts and price targets — Multiple firms (Argus, Truist, Wells Fargo and others) increased price targets or ratings after results, reflecting improved outlook for leasing and earnings. These upgrades help support investor sentiment. Article Title
• Neutral Sentiment: Q4 EPS roughly in line with estimates — EPS met consensus while revenue beat; that combination leaves valuation moves tied to forward guidance and leasing trends rather than an EPS surprise. Article Title
• Neutral Sentiment: Earnings call highlighted a durable growth pipeline — Management emphasized development and power/data center pipeline, important for long-term growth but subject to execution and capex cycles. Article Title
• Negative Sentiment: Mixed analyst signals — Evercore ISI raised its target modestly but kept an “in-line” rating (target below some newer marks), which implies limited upside from current levels and introduces some analyst divergence. Article Title

Prologis Stock Performance

Shares of PLD stock opened at $127.03 on Friday. The firm has a market capitalization of $118.00 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 3.70 and a beta of 1.40. The firm has a fifty day simple moving average of $128.38 and a two-hundred day simple moving average of $119.18. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $134.94.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company earned $1.42 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. Prologis’s dividend payout ratio is 117.78%.

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.