Prologis, Inc. $PLD Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd reduced its holdings in Prologis, Inc. (NYSE:PLD) by 33.9% during the first quarter, Holdings Channel reports. The firm owned 104,148 shares of the real estate investment trust’s stock after selling 53,332 shares during the period. Generate Investment Management Ltd’s holdings in Prologis were worth $13,766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLD. Brighton Jones LLC grew its position in Prologis by 629.0% in the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after buying an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Prologis by 45.4% in the second 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. Walleye Capital LLC acquired a new stake in shares of Prologis during the 2nd quarter valued at $422,000. NewEdge Advisors LLC boosted its stake in shares of Prologis by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 63,829 shares of the real estate investment trust’s stock worth $6,710,000 after acquiring an additional 4,074 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Prologis by 2.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 433,312 shares of the real estate investment trust’s stock worth $45,550,000 after acquiring an additional 10,266 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLD. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $137.00 to $162.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on Prologis from $141.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. BNP Paribas Exane lifted their price target on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. The Goldman Sachs Group restated a “neutral” rating and set a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Finally, Weiss Ratings raised shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.48.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Prologis Trading Up 2.2%

NYSE PLD opened at $143.66 on Tuesday. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $150.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $133.94 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 3.05 and a beta of 1.32. The firm’s 50 day moving average price is $143.02 and its two-hundred day moving average price is $136.21.

Prologis (NYSE:PLD) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities analysts anticipate that Prologis, Inc. will post 6.18 EPS for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $1.07 per share. 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 payout ratio is presently 107.81%.

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.