Prologis, Inc. $PLD Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its position in Prologis, Inc. (NYSE:PLD) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,588 shares of the real estate investment trust’s stock after selling 4,173 shares during the quarter. Westpac Banking Corp’s holdings in Prologis were worth $8,198,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC purchased a new position in shares of Prologis during the third quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the 3rd quarter worth $36,000. Rossby Financial LCC grew its position in Prologis by 69.6% during the 3rd quarter. Rossby Financial LCC now owns 329 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 135 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in Prologis by 87.3% in the third quarter. Dogwood Wealth Management LLC now owns 339 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Finally, Clear Investment Research LLC raised its holdings in shares of Prologis by 34.5% in the third quarter. Clear Investment Research LLC now owns 343 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Down 0.1%

Shares of NYSE PLD opened at $140.13 on Thursday. The stock has a market capitalization of $130.26 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 3.47 and a beta of 1.42. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $142.40. The firm has a 50-day moving average price of $132.29 and a 200 day moving average price of $123.80. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

Prologis (NYSE:PLD) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Prologis had a net margin of 37.86% and a return on equity of 5.79%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Prologis, Inc. will post 5.73 EPS for the current fiscal year.

Prologis Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $1.07 per share. This is a boost from Prologis’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $4.28 annualized dividend and a dividend yield of 3.1%. Prologis’s dividend payout ratio is presently 113.80%.

Insider Activity at Prologis

In other Prologis news, Director Cristina Gabriela Bita sold 621 shares of Prologis stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $127.60, for a total transaction of $79,239.60. Following the completion of the transaction, the director owned 8,208 shares in the company, valued at approximately $1,047,340.80. The trade was a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Prologis in a report on Monday, January 26th. UBS Group boosted their target price on Prologis from $144.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $133.00 to $146.00 in a research report on Wednesday, January 14th. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their target price on shares of Prologis from $132.00 to $135.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.95.

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.