Prologis, Inc. $PLD Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Prologis, Inc. (NYSE:PLD) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,138,342 shares of the real estate investment trust’s stock after selling 248,299 shares during the quarter. Sei Investments Co. owned approximately 0.23% of Prologis worth $244,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PLD. Clayton Financial Group LLC acquired a new position in shares of Prologis in the 3rd quarter valued at $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the 3rd quarter worth $36,000. Rossby Financial LCC boosted its stake in Prologis by 69.6% during the 3rd 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 during the period. Dogwood Wealth Management LLC grew its position in Prologis by 87.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. Finally, Clear Investment Research LLC grew its position in Prologis by 34.5% during the 3rd 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 last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $131.78 on Friday. The firm has a market capitalization of $122.50 billion, a P/E ratio of 37.12, a PEG ratio of 3.18 and a beta of 1.41. Prologis, Inc. has a one year low of $85.35 and a one year high of $143.95. The company’s fifty day moving average is $134.45 and its two-hundred day moving average is $126.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58.

Prologis (NYSE:PLD) last announced its quarterly 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. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $1.42 EPS. The business’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. Analysts forecast that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PLD. Barclays reaffirmed an “overweight” rating and issued a $139.00 target price on shares of Prologis in a report on Tuesday, January 13th. Citigroup started coverage on Prologis in a report on Thursday, March 5th. They set a “buy” rating and a $145.00 price target on the stock. Truist Financial reduced their price objective on Prologis from $142.00 to $139.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Finally, Evercore upped their price target on Prologis from $118.00 to $121.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Prologis has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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.