GSI Capital Advisors LLC Sells 7,545 Shares of Prologis, Inc. $PLD

GSI Capital Advisors LLC cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,816 shares of the real estate investment trust’s stock after selling 7,545 shares during the quarter. Prologis comprises approximately 7.8% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. GSI Capital Advisors LLC’s holdings in Prologis were worth $13,836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. grew its stake in Prologis by 16.7% in the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after acquiring an additional 83,966 shares during the period. Foresight Group Ltd Liability Partnership raised its position in Prologis by 240.1% during the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after acquiring an additional 31,567 shares during the period. National Pension Service lifted its holdings in Prologis by 2.4% during the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after purchasing an additional 56,272 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Prologis by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after purchasing an additional 126,613 shares during the period. Finally, Generali Asset Management SPA SGR grew its position in shares of Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after purchasing an additional 25,133 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.2%

Shares of NYSE PLD opened at $142.44 on Friday. Prologis, Inc. has a 52-week low of $85.35 and a 52-week high of $143.95. The business’s 50 day moving average is $132.89 and its two-hundred day moving average is $124.20. The firm has a market cap of $132.41 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 3.53 and a beta of 1.42. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s payout ratio is currently 113.80%.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a research note on Thursday, January 8th. Jefferies Financial Group increased their target price on Prologis from $146.00 to $157.00 and gave the company a “buy” rating in a report on Friday, February 20th. Evercore raised their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $133.00 to $146.00 in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Prologis has an average rating of “Moderate Buy” and an average price target of $136.95.

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.