Prologis, Inc. (NYSE:PLD) Sees Large Decrease in Short Interest

Prologis, Inc. (NYSE:PLD) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,816,840 shares, a decrease of 13.3% from the January 15th total of 13,635,942 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,610,652 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 4,610,652 shares, the short-interest ratio is currently 2.6 days. Approximately 1.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PLD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Argus boosted their target price on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Prologis in a research report on Monday, January 26th. The Goldman Sachs Group lifted their price objective on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Truist Financial reduced their target price on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by insiders.

Institutional Trading of Prologis

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after acquiring an additional 15,078 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Prologis by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 83,647 shares of the real estate investment trust’s stock valued at $8,731,000 after purchasing an additional 5,187 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares in the last quarter. Cidel Asset Management Inc. increased its position in Prologis by 10.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,044 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 196 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Prologis by 45.4% in the second quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,350 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Trading Down 1.5%

Shares of PLD opened at $139.66 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.64. The firm has a market capitalization of $129.83 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 3.51 and a beta of 1.42. The company has a 50-day moving average of $131.20 and a 200 day moving average of $122.60. Prologis has a 1-year low of $85.35 and a 1-year high of $141.95.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the consensus estimate of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts expect that Prologis will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.1%. Prologis’s dividend payout ratio is 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.