Prologis, Inc. $PLD Stock Holdings Decreased by GSI Capital Advisors LLC

GSI Capital Advisors LLC reduced its stake in Prologis, Inc. (NYSE:PLD) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,816 shares of the real estate investment trust’s stock after selling 7,545 shares during the period. Prologis makes up about 7.8% of GSI Capital Advisors LLC’s holdings, making the stock its 3rd largest holding. GSI Capital Advisors LLC’s holdings in Prologis were worth $13,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLD. Norges Bank acquired a new stake in Prologis in the 2nd quarter valued at about $1,288,936,000. Franklin Resources Inc. lifted its stake in Prologis by 216.0% in 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 acquiring an additional 6,870,479 shares during the last quarter. State Street Corp increased its position in shares of Prologis by 1.9% in the 2nd quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after purchasing an additional 1,088,544 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Prologis by 30.3% in the 3rd quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock valued at $487,424,000 after purchasing an additional 988,986 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of Prologis in the 3rd quarter valued at $112,141,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Stock Down 0.2%

PLD stock opened at $142.44 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $132.41 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 3.53 and a beta of 1.42. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company has a fifty day moving average of $132.89 and a 200-day moving average of $124.20.

Prologis (NYSE:PLD) last released its 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. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm’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. As a group, analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, March 17th. This is an increase from Prologis’s previous quarterly dividend of $1.01. Prologis’s payout ratio is presently 113.80%.

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PLD shares. Wall Street Zen downgraded Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Robert W. Baird restated a “neutral” rating and set a $130.00 price objective (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Evercore upped their target price on shares of Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. BTIG Research lifted their price target on shares of Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, December 31st. Finally, Freedom Capital cut Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

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.