Prologis, Inc. $PLD Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of Prologis, Inc. (NYSE:PLD) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 845,556 shares of the real estate investment trust’s stock after selling 142,779 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Prologis worth $96,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC increased its stake in Prologis by 128.5% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,589 shares of the real estate investment trust’s stock valued at $1,307,000 after purchasing an additional 5,955 shares in the last quarter. Family Wealth Partners LLC increased its position in shares of Prologis by 48.0% in the 3rd quarter. Family Wealth Partners LLC now owns 3,590 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 1,164 shares during the period. Elo Mutual Pension Insurance Co raised its stake in Prologis by 1.5% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 124,850 shares of the real estate investment trust’s stock worth $14,298,000 after acquiring an additional 1,813 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Prologis during the 3rd quarter valued at about $315,000. Finally, Journey Strategic Wealth LLC increased its holdings in shares of Prologis by 22.0% in the third quarter. Journey Strategic Wealth LLC now owns 6,055 shares of the real estate investment trust’s stock valued at $693,000 after purchasing an additional 1,093 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLD shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. Truist Financial dropped their price objective on shares of Prologis from $142.00 to $139.00 and set a “buy” rating on the stock in a report on Monday, January 26th. UBS Group upped their price target on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Evercore upped their target price on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.95.

Prologis Stock Performance

Shares of PLD stock opened at $139.47 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $143.95. The business’s 50 day moving average is $133.67 and its two-hundred day moving average is $125.06. The company has a market capitalization of $129.65 billion, a P/E ratio of 39.29, a P/E/G ratio of 3.49 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the business earned $1.42 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Prologis’s previous quarterly dividend of $1.01. This represents a $4.28 annualized dividend and a yield of 3.1%. Prologis’s payout ratio is 113.80%.

Prologis 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.