Royal London Asset Management Ltd. Sells 3,799 Shares of Prologis, Inc. $PLD

Royal London Asset Management Ltd. decreased its position in Prologis, Inc. (NYSE:PLD) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 779,385 shares of the real estate investment trust’s stock after selling 3,799 shares during the period. Royal London Asset Management Ltd. owned about 0.08% of Prologis worth $105,583,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Solstein Capital LLC bought a new position in Prologis in the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in Prologis during the second quarter worth $25,000. Clearstead Trust LLC bought a new stake in Prologis in the 2nd quarter valued at $28,000. SouthState Bank Corp raised its stake in shares of Prologis by 73.1% in the 4th quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Prologis Price Performance

Shares of PLD stock opened at $140.80 on Friday. Prologis, Inc. has a 1 year low of $110.51 and a 1 year high of $153.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $142.44 and its 200-day moving average is $140.59. The firm has a market capitalization of $131.38 billion, a price-to-earnings ratio of 31.36 and a beta of 1.31.

Prologis (NYSE:PLD) last released its earnings results on Thursday, July 16th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $0.75 by $0.38. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $1.46 EPS. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. Sell-side analysts forecast that Prologis, Inc. will post 6.27 EPS for the current fiscal year.

Insider Activity

In other news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PLD shares. BMO Capital Markets lowered their target price on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Raymond James Financial assumed coverage on Prologis in a research note on Thursday, June 18th. They issued a “market perform” rating on the stock. Wall Street Zen upgraded Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Barclays boosted their price target on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings lowered Prologis from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.