Commerzbank Aktiengesellschaft FI Sells 39,970 Shares of Prologis, Inc. $PLD

Commerzbank Aktiengesellschaft FI cut its position in Prologis, Inc. (NYSE:PLD) by 69.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,964 shares of the real estate investment trust’s stock after selling 39,970 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Prologis were worth $2,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in shares of Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new position in Prologis during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC bought a new stake in Prologis during the fourth quarter worth $27,000. SouthState Bank Corp lifted its stake in Prologis by 73.1% during the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Prologis during the fourth quarter worth $29,000. Institutional investors own 93.50% of the company’s stock.

Key Prologis News

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Barclays initiated/maintained a bullish stance on Prologis, and Truist Financial raised its price target to $162 from $154 while reiterating a buy rating, signaling confidence in further upside. Benzinga article
• Positive Sentiment: Articles highlighted strong warehouse leasing activity and momentum in Prologis’s core logistics real estate business, reinforcing the view that operating fundamentals remain solid. Article on warehouse leasing
• Positive Sentiment: Investor commentary and market coverage framed Prologis as a momentum and growth name, which can attract additional buyers in a strong trading session. Zacks article
• Neutral Sentiment: Prologis remained in the headlines for its attempt to acquire SEGRO, with Norges Bank saying the merger rationale deserves consideration, but the deal remains uncertain and has been repeatedly rejected. WSJ article
• Negative Sentiment: SEGRO rejected Prologis’s revised takeover proposal, underscoring execution risk and suggesting the acquisition may not happen, which can weigh on sentiment around the deal strategy. Reuters article

Prologis Trading Up 1.6%

Shares of NYSE PLD opened at $149.90 on Wednesday. The firm has a 50 day moving average price of $143.32 and a two-hundred day moving average price of $138.25. The stock has a market cap of $139.75 billion, a P/E ratio of 33.38 and a beta of 1.32. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.27.

Prologis (NYSE:PLD) last issued its quarterly earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.38. Prologis had a net margin of 45.79% and a return on equity of 7.29%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Prologis’s revenue was up 11.0% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.27 EPS for the current year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $4.28 annualized dividend and a yield of 2.9%. Prologis’s payout ratio is presently 95.32%.

Analyst Ratings Changes

PLD has been the topic of several recent analyst reports. Argus lifted their price target on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Morgan Stanley raised their price objective on Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Bank of America lifted their target price on Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Robert W. Baird boosted their target price on Prologis from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.62.

Insider Buying and Selling

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was 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 available at the SEC website. 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.