Prologis, Inc. $PLD Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC trimmed its position in Prologis, Inc. (NYSE:PLD) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,260,576 shares of the real estate investment trust’s stock after selling 82,803 shares during the period. Prologis makes up about 6.4% of Lasalle Investment Management Securities LLC’s portfolio, making the stock its 3rd largest holding. Lasalle Investment Management Securities LLC’s holdings in Prologis were worth $160,925,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ares Financial Consulting LLC bought a new position in shares of Prologis in the fourth quarter valued at $26,000. High Point Wealth Management LLC bought a new position in shares of Prologis in the fourth quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in shares of Prologis in the fourth quarter valued at $27,000. High Note Wealth LLC increased its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of Prologis by 87.1% in 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 in the last quarter. Institutional investors own 93.50% of the company’s stock.

Prologis Price Performance

Shares of NYSE:PLD opened at $143.80 on Monday. The company’s fifty day moving average is $139.20 and its two-hundred day moving average is $134.17. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $147.93. The company has a market cap of $134.07 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $1.43 EPS. The company’s revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLD. Royal Bank Of Canada upped their price target on Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. BTIG Research reaffirmed a “buy” rating and issued a $155.00 price target on shares of Prologis in a report on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 price target on shares of Prologis in a report on Friday, April 17th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, UBS Group upped their price target on Prologis from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, April 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.52.

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.