Prologis, Inc. $PLD Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Prologis, Inc. (NYSE:PLD) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,744,600 shares of the real estate investment trust’s stock after selling 71,174 shares during the period. Rhumbline Advisers owned approximately 0.19% of Prologis worth $199,792,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PLD. Clayton Financial Group LLC acquired a new stake in Prologis in the 3rd quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of Prologis during the third quarter worth $36,000. AlphaQuest LLC acquired a new stake in shares of Prologis in the third quarter valued at $39,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Prologis in the 2nd quarter valued at $44,000. Finally, SJS Investment Consulting Inc. acquired a new position in Prologis during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Up 2.3%

Shares of NYSE:PLD opened at $140.41 on Wednesday. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $140.96. The firm’s 50 day moving average price is $129.87 and its 200 day moving average price is $121.36. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61. The stock has a market cap of $130.42 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 3.40 and a beta of 1.42.

Prologis (NYSE:PLD) last announced 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 net margin of 37.86% and a return on equity of 5.78%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $1.42 EPS. The company’s quarterly 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. As a group, equities research analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a $1.01 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. Prologis’s dividend payout ratio (DPR) is currently 113.80%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. UBS Group raised their price objective on shares of Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. The Goldman Sachs Group upped their target price on shares of Prologis from $133.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Barclays reiterated an “overweight” rating and set a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Finally, Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $133.00 to $146.00 in a research note on Wednesday, January 14th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $135.32.

Insider Transactions at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by company insiders.

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.