Prologis, Inc. $PLD Stock Holdings Lessened by Intact Investment Management Inc.

Intact Investment Management Inc. cut its stake in shares of Prologis, Inc. (NYSE:PLD) by 66.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,200 shares of the real estate investment trust’s stock after selling 26,500 shares during the period. Intact Investment Management Inc.’s holdings in Prologis were worth $1,512,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC acquired a new stake in shares of Prologis during the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of Prologis during the third quarter worth $36,000. SJS Investment Consulting Inc. acquired a new stake in Prologis during the third quarter valued at $44,000. Barrett & Company Inc. acquired a new stake in Prologis during the second quarter valued at $44,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Prologis in the second quarter valued at about $44,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insiders Place Their Bets

In related news, Director Cristina Gabriela Bita sold 621 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the sale, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Prologis Stock Down 0.5%

PLD opened at $126.50 on Tuesday. Prologis, Inc. has a twelve month low of $85.35 and a twelve month high of $134.94. The company’s 50-day moving average price is $128.44 and its two-hundred day moving average price is $119.48. The stock has a market cap of $117.50 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 3.71 and a beta of 1.40. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its quarterly 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 net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.42 EPS. Prologis’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 analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. The ex-dividend date was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.2%. Prologis’s dividend payout ratio is presently 113.80%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLD. UBS Group raised their price target on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup restated a “buy” rating on shares of Prologis in a report on Monday. Mizuho lifted their target price on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday. BNP Paribas Exane boosted their target price on shares of Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Morgan Stanley set a $135.00 price target on shares of Prologis in a report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Prologis has a consensus rating of “Moderate Buy” and a consensus target price of $134.22.

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.