Garland Capital Management Inc. Lowers Position in Prologis, Inc. $PLD

Garland Capital Management Inc. decreased its stake in shares of Prologis, Inc. (NYSE:PLD) by 67.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,390 shares of the real estate investment trust’s stock after selling 4,965 shares during the quarter. Prologis comprises about 3.8% of Garland Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Garland Capital Management Inc.’s holdings in Prologis were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLD. Vanguard Group Inc. grew its position in shares of Prologis by 0.3% during the second quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock valued at $12,797,449,000 after purchasing an additional 401,922 shares in the last quarter. State Street Corp grew its holdings in Prologis by 1.9% during the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares in the last quarter. Geode Capital Management LLC increased its stake in Prologis by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock worth $2,345,922,000 after acquiring an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Prologis by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after acquiring an additional 253,338 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Prologis during the 2nd quarter valued at approximately $1,288,936,000. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PLD. Morgan Stanley set a $135.00 price target on shares of Prologis in a research report on Friday, January 16th. Mizuho boosted their target price on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Argus upped their target price on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Evercore lifted their price target on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research report on Thursday, January 22nd. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.32.

Insider Buying and Selling

In other Prologis 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 value of $79,239.60. Following the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by company insiders.

Prologis Price Performance

PLD stock opened at $137.04 on Friday. The stock has a market cap of $127.29 billion, a PE ratio of 38.60, a P/E/G ratio of 3.37 and a beta of 1.42. Prologis, Inc. has a 12 month low of $85.35 and a 12 month high of $137.49. The company has a 50-day moving average price of $129.47 and a 200 day moving average price of $120.80. 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 (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

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

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.