Prologis, Inc. $PLD Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Prologis, Inc. (NYSE:PLD) by 11.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 202,555 shares of the real estate investment trust’s stock after selling 26,564 shares during the period. Pacer Advisors Inc.’s holdings in Prologis were worth $25,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nvwm LLC lifted its holdings in shares of Prologis by 6,069.7% in the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock valued at $1,977,000 after purchasing an additional 15,235 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Prologis during the 3rd quarter worth approximately $42,158,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Prologis during the 4th quarter worth approximately $2,581,000. Laffer Tengler Investments Inc. increased its stake in shares of Prologis by 20.7% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 44,608 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 7,658 shares in the last quarter. Finally, Avanza Fonder AB raised its position in shares of Prologis by 8.4% during the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock worth $9,037,000 after purchasing an additional 5,508 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Performance

Shares of PLD opened at $140.63 on Friday. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $150.18. The company’s 50 day simple moving average is $142.91 and its 200 day simple moving average is $136.05. The company has a market capitalization of $131.11 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 3.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51.

Prologis (NYSE:PLD) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts predict that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 16th. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is 107.81%.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLD has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research note on Friday, April 17th. UBS Group boosted their price target on Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Mizuho upped their price objective on Prologis from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Raymond James Financial initiated coverage on Prologis in a research note on Thursday. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Prologis has a consensus rating of “Moderate Buy” and an average target price of $151.48.

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.