Great Lakes Advisors LLC Decreases Stake in Prologis, Inc. $PLD

Great Lakes Advisors LLC decreased its holdings in shares of Prologis, Inc. (NYSE:PLD) by 1.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 696,820 shares of the real estate investment trust’s stock after selling 13,194 shares during the quarter. Great Lakes Advisors LLC’s holdings in Prologis were worth $79,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clayton Financial Group LLC purchased a new stake in Prologis during the 3rd quarter valued at about $26,000. Silver Oak Securities Incorporated acquired a new position in shares of Prologis during the 3rd quarter worth approximately $36,000. Barrett & Company Inc. purchased a new stake in shares of Prologis in the second quarter valued at approximately $44,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Prologis in the second quarter valued at approximately $44,000. Finally, SJS Investment Consulting Inc. purchased a new position in Prologis during the third quarter worth approximately $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLD. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a report on Monday, December 29th. Freedom Capital lowered shares of Prologis from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Mizuho increased their price target on shares of Prologis from $138.00 to $143.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price target on shares of Prologis from $120.00 to $139.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.22.

Prologis Trading Down 1.2%

Shares of PLD stock opened at $127.19 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.19 and a quick ratio of 0.64. The firm has a market cap of $118.14 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40. The company has a 50-day moving average of $128.63 and a two-hundred day moving average of $119.67. Prologis, Inc. has a 1-year low of $85.35 and a 1-year high of $134.94.

Prologis (NYSE:PLD) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 EPS for the quarter, meeting analysts’ consensus estimates of $1.44. Prologis had a return on equity of 6.64% and a net margin of 37.86%.The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $1.42 EPS. Prologis’s revenue for the quarter was up 7.8% on a year-over-year basis. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Prologis, Inc. will post 5.73 EPS for the current year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.2%. Prologis’s dividend payout ratio is currently 117.78%.

Insider Activity at Prologis

In related news, Director Cristina Gabriela Bita sold 621 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $127.60, for a total value of $79,239.60. Following the completion of the transaction, the director directly owned 8,208 shares of the company’s stock, valued at $1,047,340.80. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

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.