Prologis, Inc. $PLD Stock Position Lessened by Stenger Family Office LLC

Stenger Family Office LLC trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,029 shares of the real estate investment trust’s stock after selling 10,207 shares during the period. Stenger Family Office LLC’s holdings in Prologis were worth $3,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Prologis by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Prologis by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 23,012,940 shares of the real estate investment trust’s stock worth $2,925,791,000 after buying an additional 339,906 shares in the last quarter. Capital Research Global Investors raised its position in shares of Prologis by 4.4% during the 4th quarter. Capital Research Global Investors now owns 16,061,390 shares of the real estate investment trust’s stock worth $2,050,397,000 after buying an additional 678,363 shares in the last quarter. Norges Bank bought a new stake in shares of Prologis during the 4th quarter worth about $1,589,125,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Prologis by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,639,644 shares of the real estate investment trust’s stock worth $1,485,917,000 after acquiring an additional 516,765 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Prologis from $135.00 to $148.00 and gave the company a “sector perform” rating in a report on Tuesday, April 28th. Evercore set a $135.00 target price on Prologis in a report on Friday, April 17th. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Truist Financial increased their price target on Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, DA Davidson lifted their price target on Prologis from $140.00 to $160.00 and gave the company a “buy” 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.48.

Prologis Price Performance

Shares of NYSE PLD opened at $140.63 on Friday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. 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 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 firm has a 50-day moving average of $142.91 and a two-hundred day moving average of $136.05.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion for 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%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Insiders Place Their Bets

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.52% of the company’s stock.

About Prologis

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.