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

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

Analyst Upgrades and Downgrades

PLD has been the topic of several recent research reports. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Evercore upped their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Argus lifted their price objective on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays reissued an “overweight” rating and set a $139.00 price objective on shares of Prologis in a research note on Tuesday, January 13th. Finally, UBS Group raised their price target on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.89.

Prologis Trading Up 1.0%

Shares of NYSE:PLD traded up $1.40 during trading hours on Tuesday, hitting $140.37. 165,645 shares of the company’s stock traded hands, compared to its average volume of 3,536,642. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The business has a fifty day moving average price of $130.72 and a 200-day moving average price of $122.22. Prologis has a 1 year low of $85.35 and a 1 year high of $141.95. The firm has a market capitalization of $130.38 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Prologis will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. 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. Prologis’s dividend payout ratio is currently 113.80%.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PLD. Norges Bank purchased a new stake in Prologis in the fourth quarter valued at about $1,589,125,000. Cardano Risk Management B.V. boosted its holdings in Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after buying an additional 10,207,267 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Prologis by 216.0% during the second quarter. Franklin Resources Inc. now owns 10,050,843 shares of the real estate investment trust’s stock worth $1,056,545,000 after buying an additional 6,870,479 shares in the last quarter. Swedbank AB increased its holdings in shares of Prologis by 36.2% in the fourth quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Prologis by 8,000.9% during the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after purchasing an additional 1,576,262 shares during the period. 93.50% of the stock is owned by institutional investors.

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.