Prologis, Inc. $PLD Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Prologis, Inc. (NYSE:PLD) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,585,445 shares of the real estate investment trust’s stock after selling 93,412 shares during the period. Bank of New York Mellon Corp’s holdings in Prologis were worth $713,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new position in shares of Prologis in the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Prologis in the fourth quarter worth $27,000. High Note Wealth LLC raised its holdings in shares of Prologis by 43.9% in the fourth quarter. High Note Wealth LLC now owns 249 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Prologis by 87.1% in the fourth quarter. True Wealth Design LLC now owns 262 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 122 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Prologis Trading Up 1.3%

Shares of Prologis stock opened at $142.24 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a fifty day moving average price of $139.84 and a 200 day moving average price of $134.50. Prologis, Inc. has a 1 year low of $103.41 and a 1 year high of $147.93. The stock has a market cap of $132.62 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.32.

Prologis (NYSE:PLD) last issued its earnings results on Thursday, April 16th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.24. Prologis had a net margin of 41.54% and a return on equity of 6.47%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company posted $1.43 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.070-6.230 EPS. Equities research analysts predict that Prologis, Inc. will post 6.18 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 issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 16th. Prologis’s dividend payout ratio (DPR) is 107.81%.

Analysts Set New Price Targets

A number of research firms have issued reports on PLD. Jefferies Financial Group decreased their price target 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. JPMorgan Chase & Co. raised their price target on shares of Prologis from $141.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen raised shares of Prologis from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank raised their price target on shares of Prologis from $146.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of Prologis from $155.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.86.

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.