Orange Investment Advisors Inc. Sells 5,746 Shares of Prologis, Inc. $PLD

Orange Investment Advisors Inc. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,366 shares of the real estate investment trust’s stock after selling 5,746 shares during the period. Orange Investment Advisors Inc.’s holdings in Prologis were worth $3,617,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. High Note Wealth LLC boosted its holdings in shares of Prologis by 43.9% in the 4th 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 during the last quarter. Dakota Community Bank & Trust NA grew its stake in shares of Prologis by 3.4% in the fourth quarter. Dakota Community Bank & Trust NA now owns 2,398 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 79 shares in the last quarter. Dearborn Partners LLC increased its holdings in Prologis by 4.2% during the fourth quarter. Dearborn Partners LLC now owns 1,969 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 79 shares during the last quarter. Peddock Capital Advisors LLC increased its holdings in Prologis by 3.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 2,651 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 80 shares during the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its position in Prologis by 1.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock worth $943,000 after acquiring an additional 83 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Up 0.1%

PLD opened at $140.11 on Monday. The stock’s fifty day simple moving average is $143.31 and its 200 day simple moving average is $136.59. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The stock has a market cap of $130.63 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 3.04 and a beta of 1.32. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

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

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is currently 107.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLD. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Bank of America boosted their price objective on shares of Prologis from $153.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Evercore set a $135.00 target price on shares of Prologis in a report on Friday, April 17th. DA Davidson raised their target price on shares of Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

Insider Activity at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

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.