Prologis, Inc. (NYSE:PLD – Get Free Report) CFO Timothy Arndt sold 3,597 shares of the company’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 sale was disclosed in a filing with the SEC, which is available at the SEC website.
Prologis Trading Down 3.6%
NYSE:PLD traded down $5.29 during mid-day trading on Wednesday, hitting $140.83. 4,425,846 shares of the stock traded hands, compared to its average volume of 3,522,540. The stock has a market capitalization of $131.30 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 3.27 and a beta of 1.32. Prologis, Inc. has a 52 week low of $103.41 and a 52 week high of $150.18. The firm’s 50 day moving average is $142.52 and its two-hundred day moving average is $135.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.60.
Prologis (NYSE:PLD – Get Free Report) last released its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.24. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Prologis had a return on equity of 6.47% and a net margin of 41.54%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. On average, equities research analysts predict that Prologis, Inc. will post 6.18 earnings per share for the current year.
Prologis Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on PLD. Citigroup upped their price target on shares of Prologis from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. BNP Paribas Exane upped their target price on shares of Prologis from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Mizuho increased their price objective on Prologis from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets raised Prologis from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $137.00 to $162.00 in a research note on Thursday, May 7th. Finally, Wells Fargo & Company increased their price objective on Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.
Check Out Our Latest Research Report on PLD
Hedge Funds Weigh In On Prologis
A number of hedge funds and other institutional investors have recently modified their holdings of PLD. Norges Bank acquired a new stake in shares of Prologis in the 4th quarter worth $1,589,125,000. Cardano Risk Management B.V. boosted its position in shares of Prologis by 999.3% in the 4th quarter. Cardano Risk Management B.V. now owns 11,228,730 shares of the real estate investment trust’s stock worth $1,433,460,000 after purchasing an additional 10,207,267 shares in the last quarter. Swedbank AB boosted its position in shares of Prologis by 36.2% in the 4th quarter. Swedbank AB now owns 7,664,583 shares of the real estate investment trust’s stock worth $978,461,000 after purchasing an additional 2,038,329 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Prologis by 8,000.9% in the fourth quarter. Bessemer Group Inc. now owns 1,595,963 shares of the real estate investment trust’s stock worth $203,741,000 after acquiring an additional 1,576,262 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Prologis by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 123,323,290 shares of the real estate investment trust’s stock worth $15,743,451,000 after acquiring an additional 1,258,407 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.
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.
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