Prologis, Inc. $PLD Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Prologis, Inc. (NYSE:PLD) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,506,229 shares of the real estate investment trust’s stock after selling 440,531 shares during the period. Prologis comprises 0.7% of Principal Financial Group Inc.’s holdings, making the stock its 24th largest position. Principal Financial Group Inc.’s holdings in Prologis were worth $1,388,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLD. Parr Mcknight Wealth Management Group LLC raised its stake in shares of Prologis by 220.0% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 30,049 shares of the real estate investment trust’s stock worth $3,972,000 after buying an additional 20,658 shares during the period. AMF Tjanstepension AB increased its holdings in Prologis by 2.3% in the 1st quarter. AMF Tjanstepension AB now owns 3,808,772 shares of the real estate investment trust’s stock worth $503,443,000 after acquiring an additional 87,168 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in Prologis by 341.5% during the first quarter. J. Safra Sarasin Holding AG now owns 14,451 shares of the real estate investment trust’s stock worth $1,907,000 after acquiring an additional 11,178 shares during the period. Hibernia Wealth Partners LLC raised its position in Prologis by 2.5% during the first quarter. Hibernia Wealth Partners LLC now owns 3,070 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 76 shares during the period. Finally, Procyon Advisors LLC lifted its holdings in Prologis by 10.3% during the first quarter. Procyon Advisors LLC now owns 8,022 shares of the real estate investment trust’s stock valued at $1,060,000 after purchasing an additional 748 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank lowered shares of Prologis from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $154.00 to $146.00 in a research report on Thursday, June 18th. Argus upped their price target on shares of Prologis from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citigroup raised their price target on shares of Prologis from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on Prologis from $155.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Prologis has an average rating of “Moderate Buy” and an average target price of $152.00.

Prologis Price Performance

Prologis stock opened at $142.09 on Tuesday. The company has a fifty day simple moving average of $142.82 and a 200-day simple moving average of $137.47. The firm has a market capitalization of $132.47 billion, a price-to-earnings ratio of 35.79 and a beta of 1.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60. Prologis, Inc. has a 52-week low of $103.41 and a 52-week high of $150.18.

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

Prologis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 16th. Prologis’s payout ratio is currently 107.81%.

Insider Buying and Selling at Prologis

In other news, CFO Timothy D. Arndt sold 3,597 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $150.00, for a total value of $539,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.