Prologis, Inc. $PLD Shares Sold by Perpetual Ltd

Perpetual Ltd lowered its holdings in Prologis, Inc. (NYSE:PLDFree Report) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,381 shares of the real estate investment trust’s stock after selling 140,603 shares during the period. Perpetual Ltd’s holdings in Prologis were worth $26,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Clayton Financial Group LLC bought a new stake in shares of Prologis in the 3rd quarter worth approximately $26,000. True Wealth Design LLC grew its stake in Prologis by 87.1% during the 4th quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 122 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Prologis in the third quarter worth $36,000. Rossby Financial LCC increased its position in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 135 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Prologis in the fourth quarter valued at $38,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $133.91 on Friday. The company has a market capitalization of $124.84 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 3.16 and a beta of 1.40. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $143.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $134.93 and a two-hundred day moving average of $128.07.

Prologis (NYSE:PLDGet Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.28 dividend on an annualized basis and a yield of 3.2%. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s dividend payout ratio (DPR) is 120.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Argus boosted their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada increased their price objective on shares of Prologis from $132.00 to $135.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.20.

View Our Latest Report on Prologis

Key Prologis News

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Prologis Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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