SG Americas Securities LLC Buys 509,092 Shares of Prologis, Inc. $PLD

SG Americas Securities LLC increased its position in Prologis, Inc. (NYSE:PLD) by 86.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,098,612 shares of the real estate investment trust’s stock after buying an additional 509,092 shares during the period. SG Americas Securities LLC’s holdings in Prologis were worth $145,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smith Salley Wealth Management increased its holdings in shares of Prologis by 3.8% during the first quarter. Smith Salley Wealth Management now owns 10,056 shares of the real estate investment trust’s stock valued at $1,329,000 after acquiring an additional 370 shares in the last quarter. Balboa Wealth Partners lifted its holdings in shares of Prologis by 3.9% in the 1st quarter. Balboa Wealth Partners now owns 2,537 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 96 shares in the last quarter. Forbes J M & Co. LLP grew its position in Prologis by 0.7% in the 1st quarter. Forbes J M & Co. LLP now owns 61,109 shares of the real estate investment trust’s stock valued at $8,077,000 after purchasing an additional 433 shares during the period. Triad Wealth Partners LLC grew its position in Prologis by 23.6% in the 1st quarter. Triad Wealth Partners LLC now owns 2,464 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 471 shares during the period. Finally, Quotient Wealth Partners LLC increased its stake in Prologis by 26.3% during the 1st quarter. Quotient Wealth Partners LLC now owns 3,530 shares of the real estate investment trust’s stock valued at $467,000 after purchasing an additional 736 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Prologis

In related news, CFO Timothy D. Arndt sold 3,597 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Prologis Trading Up 0.1%

Shares of Prologis stock opened at $140.63 on Monday. The company has a market capitalization of $131.11 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The stock has a fifty day simple moving average of $142.91 and a 200 day simple moving average of $136.10. Prologis, Inc. has a 12-month low of $103.41 and a 12-month high of $150.18. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60.

Prologis (NYSE:PLD) last issued its quarterly earnings data on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.24. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, sell-side analysts anticipate that Prologis, Inc. will post 6.18 earnings per share for the current fiscal year.

Prologis Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group reduced their price objective on shares of Prologis from $157.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 target price on shares of Prologis in a research report on Friday, April 17th. Truist Financial upped their target price on shares of Prologis from $139.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price target on shares of Prologis from $135.00 to $151.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $151.48.

Prologis 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.