Prologis, Inc. $PLD Position Reduced by Bessemer Group Inc.

Bessemer Group Inc. reduced its position in Prologis, Inc. (NYSE:PLD) by 97.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,701 shares of the real estate investment trust’s stock after selling 841,446 shares during the period. Bessemer Group Inc.’s holdings in Prologis were worth $2,256,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLD. D.A. Davidson & CO. raised its stake in Prologis by 16.7% during the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock valued at $67,241,000 after purchasing an additional 83,966 shares during the period. National Pension Service increased its stake in Prologis by 2.4% in the 3rd quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock valued at $279,788,000 after buying an additional 56,272 shares during the period. Generali Asset Management SPA SGR increased its stake in shares of Prologis by 33.4% in the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock worth $11,488,000 after acquiring an additional 25,133 shares during the last quarter. Verity & Verity LLC increased its position in Prologis by 42.8% in the 3rd quarter. Verity & Verity LLC now owns 165,438 shares of the real estate investment trust’s stock worth $18,946,000 after purchasing an additional 49,604 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Prologis in the second quarter worth approximately $875,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLD. Argus upped their price objective on shares of Prologis from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. BTIG Research upped their price target on Prologis from $134.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Barclays restated an “overweight” rating and set a $139.00 price objective on shares of Prologis in a report on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Royal Bank Of Canada upped their target price on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.32.

Prologis Stock Performance

Prologis stock opened at $137.04 on Monday. Prologis, Inc. has a 12-month low of $85.35 and a 12-month high of $137.49. The stock has a market capitalization of $127.29 billion, a price-to-earnings ratio of 38.60, a P/E/G ratio of 3.39 and a beta of 1.42. 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 stock has a 50-day simple moving average of $129.47 and a 200 day simple moving average of $120.96.

Prologis (NYSE:PLD) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. Prologis’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. On average, research analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given 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 2.9%. Prologis’s payout ratio is currently 113.80%.

Insider Buying and Selling

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction 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 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. Corporate insiders own 0.57% of the company’s stock.

Prologis Company 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.