Prologis, Inc. $PLD Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lessened its holdings in Prologis, Inc. (NYSE:PLD) by 77.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,525 shares of the real estate investment trust’s stock after selling 71,042 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Prologis were worth $2,350,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLD. Clayton Financial Group LLC purchased a new stake in Prologis during the third quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in Prologis during the third quarter worth approximately $36,000. AlphaQuest LLC purchased a new stake in shares of Prologis during the 3rd quarter worth approximately $39,000. SJS Investment Consulting Inc. acquired a new position in shares of Prologis in the 3rd quarter valued at $44,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Prologis in the 2nd quarter valued at $44,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Prologis Price Performance

Shares of NYSE:PLD opened at $137.04 on Monday. Prologis, Inc. has a 52 week low of $85.35 and a 52 week high of $137.49. The company has a 50-day moving average price of $129.47 and a 200 day moving average price of $120.96. The company has a market cap of $127.29 billion, a P/E ratio of 38.60, a PEG ratio of 3.39 and a beta of 1.42. The company has a quick ratio of 0.64, a current ratio of 0.19 and a debt-to-equity ratio of 0.61.

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

Prologis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, December 16th. Prologis’s dividend payout ratio (DPR) is 113.80%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PLD shares. Morgan Stanley set a $135.00 price objective on shares of Prologis in a research note on Friday, January 16th. Wells Fargo & Company upped their target price on Prologis from $120.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Prologis in a research note on Monday, December 29th. Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $133.00 to $146.00 in a research note on Wednesday, January 14th. Finally, BTIG Research increased their price objective on Prologis from $134.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Insiders Place Their Bets

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

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.