Thrivent Financial for Lutherans Decreases Stake in Prologis, Inc. $PLD

Thrivent Financial for Lutherans cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,197 shares of the real estate investment trust’s stock after selling 10,410 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Prologis were worth $22,124,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of Prologis by 629.0% during the 4th quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after purchasing an additional 15,078 shares during the last quarter. OLD National Bancorp IN acquired a new stake in Prologis during the second quarter worth about $300,000. Simplicity Wealth LLC raised its stake in Prologis by 464.2% during the second quarter. Simplicity Wealth LLC now owns 11,464 shares of the real estate investment trust’s stock worth $1,205,000 after purchasing an additional 9,432 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Prologis by 6.8% in the 2nd quarter. DAVENPORT & Co LLC now owns 37,246 shares of the real estate investment trust’s stock valued at $3,915,000 after buying an additional 2,369 shares during the period. Finally, PUREfi Wealth LLC grew its stake in shares of Prologis by 9.9% in the 2nd quarter. PUREfi Wealth LLC now owns 1,982 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PLD shares. BTIG Research upped their target price on shares of Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Citigroup reiterated a “buy” rating on shares of Prologis in a research note on Monday, January 26th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $123.00 target price on shares of Prologis in a report on Thursday, January 22nd. Finally, Barclays restated an “overweight” rating and issued a $139.00 price target on shares of Prologis in a research note on Tuesday, January 13th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.32.

Insider Buying and Selling at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of Prologis 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 transaction, the director directly owned 8,208 shares of the company’s stock, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.

Prologis Price Performance

Shares of NYSE PLD opened at $131.86 on Wednesday. The stock has a fifty day moving average price of $129.02 and a 200 day moving average price of $120.39. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $134.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The company has a market cap of $122.48 billion, a PE ratio of 37.14, a P/E/G ratio of 3.21 and a beta of 1.42.

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 analysts’ consensus estimates of $1.44. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $1.42 earnings per share. The business’s 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. Sell-side analysts forecast that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

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 of this dividend was Tuesday, December 16th. This represents a $4.04 annualized dividend and a dividend yield of 3.1%. Prologis’s payout ratio is 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.