Timothy Arndt Sells 3,597 Shares of Prologis (NYSE:PLD) Stock

Prologis, Inc. (NYSE:PLD) CFO Timothy Arndt sold 3,597 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $150.00, for a total value of $539,550.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Prologis Stock Down 0.2%

Shares of NYSE PLD opened at $140.63 on Friday. The stock has a market capitalization of $131.11 billion, a P/E ratio of 35.42, a PEG ratio of 3.10 and a beta of 1.32. Prologis, Inc. has a one year low of $103.41 and a one year high of $150.18. The firm’s 50 day simple moving average is $142.84 and its two-hundred day simple moving average is $136.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, analysts expect that Prologis, Inc. will post 6.18 EPS for the current fiscal year.

Prologis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $1.07 dividend. 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, June 16th. Prologis’s payout ratio is 107.81%.

Institutional Investors Weigh In On Prologis

Several institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC increased its position in shares of Prologis by 83.5% during the first quarter. Western Wealth Management LLC now owns 6,969 shares of the real estate investment trust’s stock valued at $921,000 after buying an additional 3,172 shares during the period. Empowered Funds LLC lifted its holdings in Prologis by 22.3% in the first quarter. Empowered Funds LLC now owns 53,096 shares of the real estate investment trust’s stock worth $7,018,000 after buying an additional 9,682 shares during the period. FAS Wealth Partners Inc. boosted its position in Prologis by 5.0% during the 1st quarter. FAS Wealth Partners Inc. now owns 26,284 shares of the real estate investment trust’s stock valued at $3,474,000 after acquiring an additional 1,243 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of Prologis by 17.2% during the 1st quarter. Rathbones Group PLC now owns 6,798 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 998 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Prologis by 4.9% during the 1st quarter. Parallel Advisors LLC now owns 10,663 shares of the real estate investment trust’s stock worth $1,410,000 after acquiring an additional 501 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLD has been the subject of several recent research reports. Argus boosted their price objective on Prologis from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Raymond James Financial started coverage on shares of Prologis in a report on Thursday. They issued a “market perform” rating on the stock. Truist Financial upped their price objective on shares of Prologis from $139.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised their target price on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.48.

About Prologis

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.