Lasalle Investment Management Securities LLC Has $153.84 Million Stock Position in Prologis, Inc. $PLD

Lasalle Investment Management Securities LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,343,379 shares of the real estate investment trust’s stock after selling 36,929 shares during the period. Prologis makes up approximately 6.0% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 3rd largest holding. Lasalle Investment Management Securities LLC owned 0.14% of Prologis worth $153,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PLD. Whittier Trust Co. of Nevada Inc. lifted its stake in Prologis by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after acquiring an additional 82 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in shares of Prologis by 2.4% in the third quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the last quarter. Clear Investment Research LLC raised its holdings in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 88 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 89 shares in the last quarter. Finally, Ignite Planners LLC boosted its holdings in Prologis by 3.2% during the third quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after purchasing an additional 92 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Trading Down 0.2%

PLD stock opened at $142.44 on Friday. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The stock has a market cap of $132.41 billion, a price-to-earnings ratio of 40.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. The company has a fifty day moving average price of $132.89 and a two-hundred day moving average price of $124.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58.

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

Prologis Increases Dividend

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

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred 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 approximately $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Prologis in a report on Monday, January 26th. Truist Financial reduced their price target on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research report on Monday, January 26th. BMO Capital Markets reaffirmed a “market perform” rating and set a $123.00 price target on shares of Prologis in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $135.00 price objective on Prologis in a research note on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis has an average rating of “Moderate Buy” and a consensus target price of $136.95.

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.