Prologis, Inc. $PLD Shares Sold by Plancorp LLC

Plancorp LLC lessened its holdings in shares of Prologis, Inc. (NYSE:PLD) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,780 shares of the real estate investment trust’s stock after selling 5,099 shares during the period. Plancorp LLC’s holdings in Prologis were worth $5,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLD. Vanguard Group Inc. raised its stake in shares of Prologis by 1.0% during the fourth 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 purchasing an additional 1,258,407 shares in the last quarter. Principal Financial Group Inc. increased its stake in Prologis by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 10,946,760 shares of the real estate investment trust’s stock valued at $1,397,467,000 after buying an additional 135,912 shares during the period. Swedbank AB increased its stake in Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after buying an additional 2,038,329 shares during the period. Capital International Investors raised its position in shares of Prologis by 15.0% during the 3rd quarter. Capital International Investors now owns 7,247,383 shares of the real estate investment trust’s stock worth $829,970,000 after buying an additional 946,847 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Prologis by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,995,375 shares of the real estate investment trust’s stock worth $801,110,000 after acquiring an additional 85,012 shares during the period. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

NYSE PLD opened at $142.27 on Thursday. Prologis, Inc. has a 1 year low of $103.02 and a 1 year high of $145.44. The business’s fifty day moving average is $136.96 and its two-hundred day moving average is $132.52. The stock has a market capitalization of $132.64 billion, a P/E ratio of 35.84, a P/E/G ratio of 3.17 and a beta of 1.33. 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 issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.17 earnings per share for the current fiscal year.

Prologis Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PLD shares. Truist Financial boosted their target price on Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Morgan Stanley set a $135.00 price target on Prologis in a research report on Friday, January 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. DA Davidson raised their target price on Prologis from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada lifted their target price on Prologis from $135.00 to $148.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 28th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $149.76.

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.