New Age Alpha Advisors LLC Sells 7,078 Shares of Prologis, Inc. $PLD

New Age Alpha Advisors LLC lowered its position in Prologis, Inc. (NYSE:PLD) by 4.6% in the third quarter, HoldingsChannel.com reports. The fund owned 147,996 shares of the real estate investment trust’s stock after selling 7,078 shares during the quarter. Prologis accounts for approximately 0.7% of New Age Alpha Advisors LLC’s portfolio, making the stock its 17th biggest holding. New Age Alpha Advisors LLC’s holdings in Prologis were worth $16,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. boosted its position in Prologis by 16.7% during the third quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after purchasing an additional 83,966 shares during the period. Foresight Group Ltd Liability Partnership raised its position in shares of Prologis by 240.1% in the third quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock valued at $5,109,000 after purchasing an additional 31,567 shares during the period. National Pension Service lifted its stake in shares of Prologis by 2.4% during the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after buying an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Prologis by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock worth $417,411,000 after buying an additional 126,613 shares during the period. Finally, Generali Asset Management SPA SGR grew its stake in Prologis by 33.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 25,133 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

NYSE:PLD opened at $142.44 on Friday. The company has a market cap of $132.41 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 3.52 and a beta of 1.42. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. 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 fifty day moving average price of $132.89 and a 200-day moving average price of $124.34.

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

Prologis Increases Dividend

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

Insider Activity at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of the company’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 transaction of $79,239.60. Following the completion of the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLD. Robert W. Baird reissued a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a report on Thursday, January 8th. Freedom Capital lowered Prologis from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. BNP Paribas Exane lifted their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, Morgan Stanley set a $135.00 price objective on Prologis in a research report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.95.

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.