Prologis, Inc. $PLD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Prologis, Inc. (NYSE:PLD) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,678,857 shares of the real estate investment trust’s stock after selling 163,887 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.61% of Prologis worth $650,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clayton Financial Group LLC purchased a new stake in Prologis in the 3rd quarter worth $26,000. Silver Oak Securities Incorporated acquired a new stake in shares of Prologis in the third quarter valued at about $36,000. Barrett & Company Inc. purchased a new stake in shares of Prologis during the second quarter worth about $44,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Prologis during the 2nd quarter worth about $44,000. Finally, SJS Investment Consulting Inc. purchased a new position in Prologis in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PLD has been the subject of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Barclays reiterated an “overweight” rating and set a $139.00 price target on shares of Prologis in a research report on Tuesday, January 13th. Argus raised their price objective on Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. BTIG Research lifted their target price 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, Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $134.22.

Insider Transactions at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the firm’s stock in a transaction on 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 sale, the director owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

Prologis Stock Down 1.2%

NYSE PLD opened at $127.19 on Thursday. The business’s fifty day simple moving average is $128.63 and its 200-day simple moving average is $119.67. 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 firm has a market cap of $118.14 billion, a PE ratio of 37.08, a P/E/G ratio of 3.14 and a beta of 1.40. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $134.94.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (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 6.64%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Prologis’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, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio is presently 117.78%.

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.