GSA Capital Partners LLP Sells 6,228 Shares of Prologis, Inc. $PLD

GSA Capital Partners LLP trimmed its holdings in shares of Prologis, Inc. (NYSE:PLDFree Report) by 57.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,656 shares of the real estate investment trust’s stock after selling 6,228 shares during the period. GSA Capital Partners LLP’s holdings in Prologis were worth $533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLD. D.A. Davidson & CO. raised its holdings in Prologis by 16.7% in the 3rd quarter. D.A. Davidson & CO. now owns 587,157 shares of the real estate investment trust’s stock worth $67,241,000 after acquiring an additional 83,966 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its holdings in shares of Prologis by 240.1% in the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 44,715 shares of the real estate investment trust’s stock worth $5,109,000 after purchasing an additional 31,567 shares in the last quarter. National Pension Service raised its stake in shares of Prologis by 2.4% in the third quarter. National Pension Service now owns 2,443,137 shares of the real estate investment trust’s stock worth $279,788,000 after purchasing an additional 56,272 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Prologis by 3.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,644,875 shares of the real estate investment trust’s stock valued at $417,411,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Generali Asset Management SPA SGR boosted its position in shares of Prologis by 33.4% during the third quarter. Generali Asset Management SPA SGR now owns 100,314 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 25,133 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $133.00 to $146.00 in a report on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on shares of Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Citigroup restated a “buy” rating on shares of Prologis in a report on Monday, January 26th. Finally, Morgan Stanley set a $135.00 target price on shares of Prologis in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.95.

Get Our Latest Report on PLD

Insider Buying and Selling at Prologis

In other news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

More Prologis News

Here are the key news stories impacting Prologis this week:

Prologis Trading Down 0.5%

Shares of Prologis stock opened at $140.76 on Tuesday. The company’s fifty day simple moving average is $131.79 and its 200-day simple moving average is $123.44. The stock has a market capitalization of $130.85 billion, a PE ratio of 39.65, a P/E/G ratio of 3.50 and a beta of 1.42. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $142.40. 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 (NYSE:PLDGet Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, hitting the consensus estimate of $1.44. The firm had revenue of $2.25 billion during 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%.Prologis’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Prologis, Inc. will post 5.73 earnings per share for the current year.

Prologis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. This is an increase from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. Prologis’s dividend payout ratio is 113.80%.

Prologis Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Prologis (NYSE:PLD)

Receive News & Ratings for Prologis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prologis and related companies with MarketBeat.com's FREE daily email newsletter.