Shell Asset Management Co. Has $1.31 Million Stock Holdings in Prologis, Inc. $PLD

Shell Asset Management Co. lessened its position in shares of Prologis, Inc. (NYSE:PLD) by 52.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,461 shares of the real estate investment trust’s stock after selling 12,735 shares during the quarter. Shell Asset Management Co.’s holdings in Prologis were worth $1,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Prologis by 0.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 16,583 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 82 shares during the last quarter. Fidelis Capital Partners LLC boosted its stake in Prologis by 1.0% in the third quarter. Fidelis Capital Partners LLC now owns 9,069 shares of the real estate investment trust’s stock valued at $1,039,000 after acquiring an additional 89 shares during the last quarter. Ignite Planners LLC grew its holdings in Prologis by 3.2% during the 3rd quarter. Ignite Planners LLC now owns 2,937 shares of the real estate investment trust’s stock worth $336,000 after acquiring an additional 92 shares during the period. ORG Partners LLC lifted its stake in shares of Prologis by 3.3% in the 3rd quarter. ORG Partners LLC now owns 2,867 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 92 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Prologis by 0.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,678 shares of the real estate investment trust’s stock worth $1,438,000 after purchasing an additional 93 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Stock Performance

Shares of PLD stock opened at $138.93 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $141.95. The company’s 50 day moving average price is $130.47 and its two-hundred day moving average price is $121.99. The company has a market capitalization of $129.05 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42.

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, hitting the consensus estimate of $1.44. Prologis had a net margin of 37.86% and a return on equity of 6.64%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The firm’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. On average, analysts expect that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Increases Dividend

The company 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, March 17th. Prologis’s dividend payout ratio is presently 113.80%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares in the company, valued at approximately $1,047,340.80. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on PLD shares. Royal Bank Of Canada upped their price objective on Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. BNP Paribas Exane upped their price target on Prologis from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 price target (up from $128.00) on shares of Prologis in a research report on Thursday, January 8th. Wall Street Zen cut shares of Prologis from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Finally, Mizuho increased their target price on shares of Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.89.

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.