Meitav Investment House Ltd. Sells 607,840 Shares of Prologis, Inc. $PLD

Meitav Investment House Ltd. reduced its stake in shares of Prologis, Inc. (NYSE:PLD) by 96.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,622 shares of the real estate investment trust’s stock after selling 607,840 shares during the quarter. Meitav Investment House Ltd.’s holdings in Prologis were worth $3,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. High Point Wealth Management LLC bought a new position in Prologis during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in Prologis in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Prologis in the fourth quarter worth $27,000. SouthState Bank Corp raised its holdings in Prologis by 73.1% in the fourth quarter. SouthState Bank Corp now owns 225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 95 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Prologis during the fourth quarter worth $29,000. 93.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLD has been the subject of several research analyst reports. Scotiabank lowered shares of Prologis from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $154.00 to $146.00 in a report on Thursday, June 18th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. BMO Capital Markets reduced their target price on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Wall Street Zen cut Prologis from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Mizuho increased their price target on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.00.

Insider Transactions at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of Prologis 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 sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Prologis Stock Up 1.8%

NYSE PLD traded up $2.51 on Tuesday, reaching $142.71. The company had a trading volume of 629,496 shares, compared to its average volume of 3,574,273. The company’s fifty day moving average is $142.78 and its 200-day moving average is $136.88. The firm has a market capitalization of $133.05 billion, a price-to-earnings ratio of 35.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.51 and a current ratio of 0.51. Prologis, Inc. has a 1-year low of $103.41 and a 1-year high of $150.18.

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

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $1.07 per share. The ex-dividend date was Tuesday, June 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.0%. Prologis’s dividend payout ratio (DPR) is presently 107.81%.

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.