Prologis, Inc. $PLD Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,600 shares of the real estate investment trust’s stock after selling 7,496 shares during the period. Prospera Financial Services Inc’s holdings in Prologis were worth $5,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in PLD. Clayton Financial Group LLC bought a new position in shares of Prologis in the third quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis in the 3rd quarter worth $36,000. AlphaQuest LLC acquired a new stake in shares of Prologis during the third quarter worth $39,000. SJS Investment Consulting Inc. purchased a new stake in shares of Prologis during the third quarter valued at $44,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Prologis in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on PLD shares. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Morgan Stanley set a $135.00 price target on shares of Prologis in a research report on Friday, January 16th. Truist Financial lowered their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. BNP Paribas Exane increased their target price on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 target price on shares of Prologis in a research report on Thursday, January 22nd. 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 a consensus rating of “Moderate Buy” and an average price target of $135.32.

Prologis Trading Up 2.3%

NYSE PLD opened at $140.41 on Wednesday. The firm’s fifty day simple moving average is $129.87 and its 200-day simple moving average is $121.36. 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 1-year low of $85.35 and a 1-year high of $140.96. The company has a market capitalization of $130.42 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 3.40 and a beta of 1.42.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. Prologis had a return on equity of 5.78% and a net margin of 37.86%.The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $1.42 EPS. The firm’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. As a group, sell-side analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal 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 paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s payout ratio is presently 113.80%.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Prologis 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.