Prologis, Inc. $PLD Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its holdings in Prologis, Inc. (NYSE:PLD) by 11.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 66,506 shares of the real estate investment trust’s stock after selling 8,697 shares during the period. Kestra Advisory Services LLC’s holdings in Prologis were worth $8,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Money Concepts Capital Corp raised its stake in shares of Prologis by 2.7% in the 1st quarter. Money Concepts Capital Corp now owns 9,231 shares of the real estate investment trust’s stock valued at $1,220,000 after acquiring an additional 241 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in Prologis by 7.0% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 48,638 shares of the real estate investment trust’s stock valued at $6,429,000 after purchasing an additional 3,196 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in Prologis by 3.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 569,387 shares of the real estate investment trust’s stock valued at $73,776,000 after purchasing an additional 20,840 shares in the last quarter. Personal CFO Solutions LLC raised its position in Prologis by 13.7% in the first quarter. Personal CFO Solutions LLC now owns 4,961 shares of the real estate investment trust’s stock valued at $656,000 after purchasing an additional 596 shares during the period. Finally, Stenger Family Office LLC raised its position in Prologis by 8.4% in the first quarter. Stenger Family Office LLC now owns 26,044 shares of the real estate investment trust’s stock valued at $3,442,000 after purchasing an additional 2,015 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $150.00, for a total transaction of $539,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Prologis Stock Up 0.9%

Shares of Prologis stock opened at $142.09 on Tuesday. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18. The company has a market capitalization of $132.47 billion, a PE ratio of 35.79 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50-day moving average of $142.82 and a 200-day moving average of $137.47.

Prologis (NYSE:PLD) last released its quarterly earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. As a group, equities analysts forecast that Prologis, Inc. will post 6.17 EPS for the current fiscal year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Prologis’s dividend payout ratio is presently 107.81%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PLD shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Morgan Stanley boosted their price target on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. BMO Capital Markets decreased their price target on Prologis from $162.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, June 29th. Raymond James Financial assumed coverage on Prologis in a report on Thursday, June 18th. They issued a “market perform” rating for the company. Finally, BTIG Research increased their price objective on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Prologis currently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

About Prologis

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.