Erste Asset Management GmbH Sells 62,407 Shares of Prologis, Inc. $PLD

Erste Asset Management GmbH lowered its holdings in shares of Prologis, Inc. (NYSE:PLD) by 38.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 99,213 shares of the real estate investment trust’s stock after selling 62,407 shares during the quarter. Erste Asset Management GmbH’s holdings in Prologis were worth $11,334,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clayton Financial Group LLC bought a new stake in Prologis during the third quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new position in Prologis in the third quarter worth approximately $36,000. Rossby Financial LCC boosted its stake in shares of Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 135 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Prologis during the 3rd quarter valued at $39,000. Finally, Clear Investment Research LLC grew its position in shares of Prologis by 34.5% during the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

PLD has been the topic of a number of recent research reports. Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Argus boosted their price objective on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their target price on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Prologis presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

Prologis Price Performance

Shares of Prologis stock opened at $142.44 on Friday. The company has a market capitalization of $132.41 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 3.53 and a beta of 1.42. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $132.89 and its 200-day simple moving average is $124.20. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95.

Prologis (NYSE:PLD) last issued its 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 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $1.42 EPS. The firm’s quarterly 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, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 113.80%.

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.