Prologis, Inc. (NYSE:PLD) Sees Significant Decrease in Short Interest

Prologis, Inc. (NYSE:PLD) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 11,816,840 shares, a decrease of 13.3% from the January 15th total of 13,635,942 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 4,610,652 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 4,610,652 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.3% of the company’s shares are sold short.

Prologis Trading Up 1.0%

Prologis stock traded up $1.40 during midday trading on Tuesday, hitting $140.37. 165,645 shares of the stock were exchanged, compared to its average volume of 3,536,642. Prologis has a 52 week low of $85.35 and a 52 week high of $141.95. The stock has a market capitalization of $130.38 billion, a PE ratio of 39.49, a P/E/G ratio of 3.44 and a beta of 1.42. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $130.72 and a two-hundred day simple moving average of $122.22.

Prologis (NYSE:PLD) last announced its quarterly earnings results 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. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Prologis will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.0%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s payout ratio is 113.80%.

Insiders Place Their Bets

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock valued at $1,847,000 after buying an additional 15,078 shares during the last quarter. Nordea Investment Management AB raised its stake in Prologis by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 83,647 shares of the real estate investment trust’s stock valued at $8,731,000 after acquiring an additional 5,187 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 93 shares during the period. Cidel Asset Management Inc. boosted its holdings in shares of Prologis by 10.6% in the second quarter. Cidel Asset Management Inc. now owns 2,044 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 196 shares during the period. Finally, Schnieders Capital Management LLC. grew its holdings in Prologis by 45.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,350 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PLD shares. Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating and set a $123.00 target price on shares of Prologis in a research note on Thursday, January 22nd. Truist Financial reduced their target price on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a report on Monday, January 26th. Wells Fargo & Company raised their price target on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, The Goldman Sachs Group increased their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.89.

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.