Jain Global LLC Sells 59,617 Shares of Prologis, Inc. $PLD

Jain Global LLC trimmed its holdings in Prologis, Inc. (NYSE:PLD) by 33.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,808 shares of the real estate investment trust’s stock after selling 59,617 shares during the quarter. Jain Global LLC’s holdings in Prologis were worth $13,377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of 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 purchasing an additional 15,078 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in Prologis by 45.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 10,728 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 3,350 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in Prologis by 29.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 5,443 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 1,233 shares during the period. Vise Technologies Inc. bought a new stake in Prologis during the 2nd quarter valued at about $444,000. Finally, Cetera Investment Advisers lifted its holdings in Prologis by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 239,858 shares of the real estate investment trust’s stock valued at $25,214,000 after buying an additional 18,141 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Prologis Price Performance

Shares of PLD opened at $131.73 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day moving average price of $134.50 and a 200-day moving average price of $126.36. 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 PE ratio of 37.11, a PEG ratio of 3.12 and a beta of 1.41.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 37.86% and a return on equity of 5.79%. Prologis’s 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. Equities analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on PLD. Wall Street Zen downgraded shares of Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Morgan Stanley set a $135.00 price objective on Prologis in a research note on Friday, January 16th. The Goldman Sachs Group raised their price objective on Prologis from $137.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Royal Bank Of Canada lifted their target price on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group upped their target price on Prologis from $146.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.