Impax Asset Management Group plc Reduces Stock Position in Prologis, Inc. $PLD

Impax Asset Management Group plc cut its position in shares of Prologis, Inc. (NYSE:PLD) by 74.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,487 shares of the real estate investment trust’s stock after selling 159,949 shares during the quarter. Impax Asset Management Group plc’s holdings in Prologis were worth $6,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clayton Financial Group LLC purchased a new stake in Prologis in the 3rd quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of Prologis during the 3rd quarter worth about $36,000. AlphaQuest LLC acquired a new stake in shares of Prologis in the third quarter worth approximately $39,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Prologis in the second quarter valued at approximately $44,000. Finally, SJS Investment Consulting Inc. acquired a new position in Prologis during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLD. Robert W. Baird reiterated a “neutral” rating and issued a $130.00 target price (up previously from $128.00) on shares of Prologis in a report on Thursday, January 8th. Evercore increased their price target on Prologis from $118.00 to $121.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Mizuho boosted their price objective on Prologis from $138.00 to $143.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. UBS Group upped their target price on Prologis from $144.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Scotiabank upgraded Prologis from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $133.00 to $146.00 in a report on Wednesday, January 14th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus price target of $135.32.

Insiders Place Their Bets

In other Prologis 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 transaction of $79,239.60. Following the sale, the director 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by corporate insiders.

Prologis Trading Down 0.4%

NYSE:PLD opened at $139.94 on Thursday. The stock has a market cap of $129.98 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 3.48 and a beta of 1.42. Prologis, Inc. has a one year low of $85.35 and a one year high of $141.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.19. The business’s 50-day simple moving average is $130.09 and its 200 day simple moving average is $121.49.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.44. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.09 billion. Prologis had a return on equity of 5.78% and a net margin of 37.86%.Prologis’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. Prologis has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that Prologis, Inc. will post 5.73 earnings per share for the current fiscal year.

Prologis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 16th. Prologis’s payout ratio is currently 113.80%.

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.