Securian Asset Management Inc. Sells 19,563 Shares of Prologis, Inc. $PLD

Securian Asset Management Inc. lessened its position in Prologis, Inc. (NYSE:PLD) by 43.6% during the fourth quarter, Holdings Channel reports. The fund owned 25,257 shares of the real estate investment trust’s stock after selling 19,563 shares during the period. Securian Asset Management Inc.’s holdings in Prologis were worth $3,224,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new position in Prologis in the fourth quarter valued at $26,000. High Point Wealth Management LLC bought a new position in Prologis in the fourth quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in Prologis in the fourth quarter valued at $27,000. True Wealth Design LLC boosted its position in Prologis by 87.1% during the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 122 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Prologis during the fourth quarter valued at about $38,000. Institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

Prologis stock opened at $143.97 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $136.83 and a 200-day moving average of $132.04. The firm has a market cap of $134.23 billion, a P/E ratio of 36.26, a P/E/G ratio of 3.17 and a beta of 1.33. Prologis, Inc. has a 1-year low of $103.02 and a 1-year high of $145.44.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. Prologis’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Sell-side analysts expect that Prologis, Inc. will post 6.17 EPS for the current year.

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio is currently 107.81%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Scotiabank upped their price target on shares of Prologis from $146.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price target on shares of Prologis in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada upped their price target on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.76.

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.