Principal Financial Group Inc. Sells 375,731 Shares of Prologis, Inc. $PLD

Principal Financial Group Inc. cut its stake in Prologis, Inc. (NYSE:PLD) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,810,848 shares of the real estate investment trust’s stock after selling 375,731 shares during the period. Principal Financial Group Inc. owned 1.16% of Prologis worth $1,238,060,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PLD. Vanguard Group Inc. increased its stake in Prologis by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock valued at $12,797,449,000 after purchasing an additional 401,922 shares in the last quarter. State Street Corp increased its holdings in Prologis by 1.9% during the second quarter. State Street Corp now owns 58,640,842 shares of the real estate investment trust’s stock valued at $6,164,325,000 after buying an additional 1,088,544 shares during the last quarter. Geode Capital Management LLC raised its holdings in Prologis by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock worth $2,345,922,000 after purchasing an additional 310,333 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Prologis by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock worth $1,735,205,000 after acquiring an additional 253,338 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Prologis during the 2nd quarter valued at $1,288,936,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the 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 sale, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PLD shares. 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. Industrial Alliance Securities set a $119.00 price objective on Prologis in a research report on Monday, October 20th. BMO Capital Markets restated a “market perform” rating and issued a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. UBS Group increased their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their price target on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Prologis currently has an average rating of “Moderate Buy” and a consensus price target of $134.37.

Prologis Trading Up 0.1%

Prologis stock opened at $130.51 on Friday. The stock has a market cap of $121.22 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 3.23 and a beta of 1.40. Prologis, Inc. has a one year low of $85.35 and a one year high of $134.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The stock has a 50-day moving average of $128.87 and a two-hundred day moving average of $119.97.

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, meeting analysts’ consensus estimates of $1.44. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.78%. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, December 16th. Prologis’s payout ratio is presently 113.80%.

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.