Impax Asset Management Group plc Decreases Position in Prologis, Inc. $PLD

Impax Asset Management Group plc decreased its stake in Prologis, Inc. (NYSE:PLD) by 74.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,487 shares of the real estate investment trust’s stock after selling 159,949 shares during the period. Impax Asset Management Group plc’s holdings in Prologis were worth $6,240,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Prologis by 0.3% during the second quarter. Vanguard Group Inc. now owns 121,741,332 shares of the real estate investment trust’s stock worth $12,797,449,000 after purchasing an additional 401,922 shares in the last quarter. State Street Corp increased its position 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 worth $6,164,325,000 after buying an additional 1,088,544 shares during the period. Geode Capital Management LLC lifted its stake in Prologis by 1.4% in the second quarter. Geode Capital Management LLC now owns 22,416,833 shares of the real estate investment trust’s stock valued at $2,345,922,000 after buying an additional 310,333 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Prologis by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,506,899 shares of the real estate investment trust’s stock valued at $1,735,205,000 after acquiring an additional 253,338 shares during the period. Finally, Norges Bank purchased a new position in shares of Prologis during the second quarter worth approximately $1,288,936,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Stock Down 0.4%

PLD stock opened at $139.94 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $130.09 and its 200 day moving average price is $121.49. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $141.85. The company has a market cap of $129.98 billion, a P/E ratio of 39.42, a P/E/G ratio of 3.48 and a beta of 1.42.

Prologis (NYSE:PLD) last issued its 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 company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.78%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is presently 113.80%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Argus upped their price target on shares of Prologis from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Evercore lifted their target price on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a research note 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 research note on Wednesday, December 31st. BNP Paribas Exane increased their price target on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, Morgan Stanley set a $135.00 price objective on shares of Prologis in a research report on Friday, January 16th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Prologis presently has a consensus rating of “Moderate Buy” and an average price target of $135.32.

Insider Activity

In other news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were 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 $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by company insiders.

About Prologis

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.