Alliancebernstein L.P. Sells 609,943 Shares of Prologis, Inc. $PLD

Alliancebernstein L.P. decreased its position in Prologis, Inc. (NYSE:PLD) by 16.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,108,426 shares of the real estate investment trust’s stock after selling 609,943 shares during the period. Alliancebernstein L.P. owned about 0.33% of Prologis worth $355,977,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Clayton Financial Group LLC bought a new stake in Prologis in the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in Prologis in the third quarter valued at about $36,000. Rossby Financial LCC raised its position in Prologis by 69.6% in the third quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares in the last quarter. AlphaQuest LLC acquired a new position in Prologis in the third quarter worth about $39,000. Finally, Clear Investment Research LLC lifted its stake in Prologis by 34.5% during the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 88 shares during the period. Institutional investors own 93.50% of the company’s stock.

Prologis Trading Down 0.1%

PLD stock opened at $131.73 on Monday. The business has a fifty day moving average price of $134.50 and a 200 day moving average price of $126.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. Prologis, Inc. has a fifty-two week low of $85.35 and a fifty-two week high of $143.95. The stock has a market capitalization of $122.45 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 3.12 and a beta of 1.41.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.09 billion. Prologis had a return on equity of 5.79% and a net margin of 37.86%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $1.07 per share. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. This represents a $4.28 annualized dividend and a yield of 3.2%. Prologis’s dividend payout ratio is currently 113.80%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $135.00 price objective on Prologis in a report on Friday, January 16th. Evercore increased their target price on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Freedom Capital downgraded Prologis from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Mizuho upped their price target on Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, BNP Paribas Exane increased their price objective on Prologis from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Prologis has an average rating of “Moderate Buy” and an average target price of $137.20.

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.