Prologis, Inc. $PLD Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its stake in Prologis, Inc. (NYSE:PLD) by 50.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,234 shares of the real estate investment trust’s stock after selling 11,265 shares during the quarter. NewEdge Wealth LLC’s holdings in Prologis were worth $1,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Prologis during the fourth quarter worth approximately $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Prologis in the 4th quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Prologis in the 4th quarter valued at $27,000. SouthState Bank Corp lifted its position in shares of Prologis by 73.1% during the 4th 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 last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Prologis during the 4th quarter worth $29,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Prologis Price Performance

Shares of NYSE PLD opened at $147.43 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. Prologis, Inc. has a twelve month low of $103.41 and a twelve month high of $153.35. The stock has a 50 day moving average of $143.56 and a two-hundred day moving average of $138.61. The stock has a market cap of $137.45 billion, a P/E ratio of 32.84 and a beta of 1.32.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Thursday, July 16th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.38. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.16 billion. Prologis had a return on equity of 7.29% and a net margin of 45.79%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. Prologis has set its FY 2026 guidance at 6.220-6.300 EPS. On average, research analysts forecast that Prologis, Inc. will post 6.28 earnings per share for the current year.

Prologis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid 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 yield of 2.9%. Prologis’s dividend payout ratio is currently 95.32%.

Insider Transactions at Prologis

In other Prologis news, CFO Timothy D. Arndt sold 3,597 shares of the firm’s stock in a transaction 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Trending Headlines about Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Segro’s board said it would recommend Prologis’s final $18.7 billion takeover bid, a sign the deal is gaining traction and could expand Prologis’s portfolio and long-term growth prospects. Article Title
• Positive Sentiment: Scotiabank raised its price target on Prologis to $150 from $146, while Truist boosted its target to $162, reflecting improved analyst confidence in the stock’s valuation. Article Title
• Positive Sentiment: Recent commentary highlighted Prologis as potentially undervalued after its earnings beat and raised guidance, reinforcing optimism around earnings momentum and fundamentals. Article Title
• Neutral Sentiment: Additional articles noted renewed investor attention on logistics and data-center themes, but these were more thematic than company-specific and did not include new financial results or formal guidance changes. Article Title

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group boosted their target price on shares of Prologis from $148.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Raymond James Financial started coverage on Prologis in a report on Thursday, June 18th. They set a “market perform” rating for the company. Morgan Stanley upped their price objective on Prologis from $135.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Barclays increased their price objective on Prologis from $139.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Bank of America increased their target price on shares of Prologis from $153.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.81.

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.