Prologis, Inc. $PLD Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its stake in Prologis, Inc. (NYSE:PLD) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,782,239 shares of the real estate investment trust’s stock after selling 80,290 shares during the period. Legal & General Group Plc’s holdings in Prologis were worth $1,234,782,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Prologis by 0.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock worth $1,941,000 after purchasing an additional 82 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in shares of Prologis by 1.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 8,232 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 83 shares during the period. Cornerstone Advisory LLC boosted its position in shares of Prologis by 2.4% in the 3rd quarter. Cornerstone Advisory LLC now owns 3,535 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 84 shares during the period. Clear Investment Research LLC increased its stake in Prologis by 34.5% in the 3rd quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in Prologis by 1.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock worth $1,039,000 after purchasing an additional 89 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PLD shares. Freedom Capital downgraded shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. BNP Paribas Exane boosted their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. BTIG Research increased their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Finally, The Goldman Sachs Group raised their price objective on Prologis from $137.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Prologis Trading Up 0.4%

Prologis stock opened at $135.14 on Tuesday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $143.95. The firm has a market capitalization of $125.62 billion, a PE ratio of 38.07, a PEG ratio of 3.33 and a beta of 1.41. The business’s 50-day simple moving average is $134.09 and its 200-day simple moving average is $125.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company posted $1.42 earnings per share. Prologis’s quarterly 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 forecast that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. Prologis’s payout ratio is presently 113.80%.

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.