James Investment Research Inc. Sells 8,598 Shares of Prologis, Inc. $PLD

James Investment Research Inc. decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 47.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,640 shares of the real estate investment trust’s stock after selling 8,598 shares during the quarter. James Investment Research Inc.’s holdings in Prologis were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Prologis by 629.0% during the fourth quarter. Brighton Jones LLC now owns 17,475 shares of the real estate investment trust’s stock worth $1,847,000 after acquiring an additional 15,078 shares during the period. Kathmere Capital Management LLC acquired a new stake in Prologis in the 2nd quarter worth $407,000. Patton Fund Management Inc. acquired a new stake in Prologis in the 2nd quarter worth $226,000. Avior Wealth Management LLC increased its holdings in shares of Prologis by 5.0% during the 2nd quarter. Avior Wealth Management LLC now owns 5,912 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 281 shares during the period. Finally, Smith Salley Wealth Management raised its position in shares of Prologis by 2.9% during the second quarter. Smith Salley Wealth Management now owns 9,338 shares of the real estate investment trust’s stock valued at $982,000 after buying an additional 265 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Cristina Gabriela Bita sold 621 shares of the firm’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 sale, the director directly owned 8,208 shares in the company, valued at $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

Prologis Stock Down 0.5%

Shares of NYSE PLD opened at $126.50 on Tuesday. Prologis, Inc. has a 1 year low of $85.35 and a 1 year high of $134.94. The firm’s 50-day moving average is $128.44 and its 200-day moving average is $119.48. 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 firm has a market capitalization of $117.50 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 3.71 and a beta of 1.40.

Prologis (NYSE:PLD) last posted its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s dividend payout ratio is presently 113.80%.

Analysts Set New Price Targets

PLD has been the subject of a number of recent research reports. BMO Capital Markets restated a “market perform” rating and issued a $123.00 price objective on shares of Prologis in a research note on Thursday. Industrial Alliance Securities set a $119.00 price objective on shares of Prologis in a report on Monday, October 20th. Mizuho boosted their target price on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday. UBS Group upped their target price on shares of Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.22.

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.