Pacer Advisors Inc. Sells 26,564 Shares of Prologis, Inc. $PLD

Pacer Advisors Inc. reduced its position in shares of Prologis, Inc. (NYSE:PLDFree Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,555 shares of the real estate investment trust’s stock after selling 26,564 shares during the quarter. Pacer Advisors Inc.’s holdings in Prologis were worth $25,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLD. Swedbank AB increased its stake in Prologis by 36.2% during the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock valued at $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Prologis by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock valued at $15,743,451,000 after acquiring an additional 1,258,407 shares during the last quarter. Amundi boosted its holdings in shares of Prologis by 22.0% during the 3rd quarter. Amundi now owns 5,651,563 shares of the real estate investment trust’s stock valued at $661,968,000 after acquiring an additional 1,020,819 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Prologis by 30.3% in the third quarter. Federated Hermes Inc. now owns 4,256,236 shares of the real estate investment trust’s stock worth $487,424,000 after acquiring an additional 988,986 shares during the period. Finally, Mondrian Investment Partners LTD bought a new stake in shares of Prologis in the third quarter worth approximately $112,141,000. 93.50% of the stock is currently owned by institutional investors.

Prologis Stock Performance

Shares of NYSE PLD opened at $142.27 on Thursday. The firm has a 50 day moving average of $136.96 and a 200 day moving average of $132.52. 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 capitalization of $132.64 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 3.17 and a beta of 1.33. Prologis, Inc. has a 12-month low of $103.02 and a 12-month high of $145.44.

Prologis (NYSE:PLDGet Free Report) last announced its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.24. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.12 billion. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, research analysts anticipate that Prologis, Inc. will post 6.17 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 16th. Prologis’s payout ratio is 107.81%.

Analyst Upgrades and Downgrades

PLD has been the subject of several research reports. Morgan Stanley set a $135.00 price objective on shares of Prologis in a report on Friday, January 16th. Robert W. Baird boosted their price objective on shares of Prologis from $133.00 to $136.00 and gave the company a “neutral” rating in a report on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $157.00 price objective on shares of Prologis in a report on Friday, April 17th. Evercore set a $135.00 price objective on shares of Prologis in a report on Friday, April 17th. Finally, Jefferies Financial Group decreased 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. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Prologis currently has an average rating of “Moderate Buy” and an average price target of $149.76.

Read Our Latest Analysis on Prologis

About Prologis

(Free Report)

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.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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