Prologis, Inc. $PLD Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich decreased its holdings in Prologis, Inc. (NYSE:PLD) by 97.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,010 shares of the real estate investment trust’s stock after selling 75,633 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Prologis were worth $266,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PLD. Norges Bank acquired a new stake in Prologis in the fourth quarter worth about $1,589,125,000. Cardano Risk Management B.V. grew its position in Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock valued at $1,433,460,000 after buying an additional 10,207,267 shares in the last quarter. 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. Bessemer Group Inc. increased its stake in Prologis by 8,000.9% during the 4th quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock valued at $203,741,000 after buying an additional 1,576,262 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after buying an additional 1,258,407 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis is pressing SEGRO’s board to engage on its merger proposal, keeping acquisition speculation alive and raising the possibility of strategic growth through a major European deal. Prologis Pushes for Talks on $16.9 Billion Segro Bid
• Positive Sentiment: Multiple recent articles frame Prologis as a REIT with renewed deal buzz and ongoing investor focus on logistics demand and Europe expansion, which can help keep the stock supported. Prologis (NYSE:PLD) Deal Buzz Sparks REIT Focus
• Neutral Sentiment: Articles noting that Prologis is expected to report earnings and that investors are watching logistics demand suggest the market is waiting for confirmation of operating momentum rather than reacting to a new company-specific shock. Prologis (PLD) Expected to Post Earnings on Thursday
• Neutral Sentiment: Some commentary says PLD looks fully valued or fairly valued, which may cap upside even as takeover headlines provide near-term support. Prologis (PLD) Stock Looks Fully Valued With Growth Already Priced In
• Negative Sentiment: At least one analyst downgrade on SEGRO highlighted execution and valuation risks around the proposed transaction, which could signal a slower or more uncertain path to a deal. Analyst Downgrades Segro to Hold…

Insider Buying and Selling at Prologis

In other 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 filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

Prologis Trading Up 0.3%

Shares of NYSE PLD opened at $141.45 on Friday. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The company has a market cap of $131.88 billion, a price-to-earnings ratio of 35.63 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $142.78 and a 200-day simple moving average of $137.28.

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

Prologis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets lowered their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Morgan Stanley boosted their target price on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $157.00 price target on shares of Prologis in a research note on Friday, April 17th. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.00.

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.