Meitav Investment House Ltd. Has $3.39 Million Position in Prologis, Inc. $PLD

Meitav Investment House Ltd. cut its holdings in shares of Prologis, Inc. (NYSE:PLD) by 96.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other large investors also recently modified their holdings of the business. Nvwm LLC increased its holdings in Prologis by 6,069.7% during the fourth quarter. Nvwm LLC now owns 15,486 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 15,235 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Prologis in the third quarter valued at $42,158,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Prologis in the fourth quarter valued at $2,581,000. Avanza Fonder AB grew its position in shares of Prologis by 8.4% in the 4th quarter. Avanza Fonder AB now owns 70,789 shares of the real estate investment trust’s stock valued at $9,037,000 after acquiring an additional 5,508 shares during the period. Finally, Menora Mivtachim Holdings LTD. grew its position in shares of Prologis by 75.5% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 1,280,377 shares of the real estate investment trust’s stock valued at $146,629,000 after acquiring an additional 551,000 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Timothy D. Arndt sold 3,597 shares of the firm’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 document filed with the SEC, which is available through this link. 0.52% of the stock is owned by insiders.

Prologis Stock Performance

Shares of NYSE:PLD traded up $2.51 during trading on Tuesday, reaching $142.71. 629,496 shares of the stock were exchanged, compared to its average volume of 3,574,273. Prologis, Inc. has a 12 month low of $103.41 and a 12 month high of $150.18. The stock has a 50-day moving average price of $142.78 and a 200-day moving average price of $136.88. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. The firm has a market cap of $133.05 billion, a PE ratio of 35.94 and a beta of 1.32.

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

Prologis Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLD. JPMorgan Chase & Co. boosted their price objective on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. BTIG Research raised their target price on shares of Prologis from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. BNP Paribas Exane lifted their price target on Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Weiss Ratings raised Prologis from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets dropped their price objective on Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. Fifteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.00.

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.